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Debt Assignment
What does it mean?
A transfer of debt from a creditor to a third party.
In Other Words...
In a debt assignment, a creditor assigns the debt that is owed and all rights associated with it to a third party. This may occur at a personal or corporate level, and the debtor should remain unaffected unless new terms are agreed upon.
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Related Terms
Assignment | Creditor | Debt | Debtor | Interest | Loan
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A | B |
C | D |
E | F |
G | H |
I | J |
K | L |
M | N |
O | P |
Q | R |
S | T |
U | V |
W | X |
Y | Z
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