Assignment of Income

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Assignment of Income

The splitting of a person or company's income to another person or company so that the first person or company pays less in taxes. The United States Supreme Court has disallowed assignment of income under most circumstances.
References in periodicals archive ?
Collateral Loan personal income assignment, collection law, real estate mortgages.
Mandates ranged from active US growth equity and international portfolios to quantitative strategies and fixed income assignments.
Prior to this assignment, PIMCO already managed close to $3 billion in other fixed income assignments within Russell's multi-manager complex.