assignee(redirected from Assignment (law))
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A person to whom a contract is given or sold. For example, if Bob sells a futures contract to Joe, or alternately allows Joe to take over the lease on Bob's apartment, Joe is the assignee. While assigning contracts is common, not all contracts are transferable. See also: Assignor.
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One to whom a contract or lease has been assigned.See assign.
The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.