assignor
n.
person who assigns, person who allots or apportions; person who assigns her/his interests or rights in something to another person
Assignment (law)
An assignment is a term used with similar meanings in the
law of
contracts and in the law of
real estate. In both instances, it encompasses the transfer of rights held by one party - the assignor - to another party - the assignee. The legal nature of the assignment determines some additional rights and liabilities that accompany the act.
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assignor
Noun
1. (law) the party who makes an assignment
(hypernym) party
(classification) law, jurisprudence
Assignor
(n.)
An assigner; a person who assigns or transfers an interest; as, the assignor of a debt or other chose in action.
Webster's Revised Unabridged Dictionary (1913), edited by Noah Porter.
About
Assignor
A person or entity who has made an assignment of rights or property.
In general the assignor can limit the operation of his assignment, and impose whatever condition he may think proper, but when he makes a general assignment in trust for the use of his creditors, he can impose no condition whatever which will deprive them of any right nor any condition forbidden by law; as giving preference when the law forbids it.
An assignor may legally choose his own trustees.
This entry contains material from Bouvier's Legal Dictionary, a work published in the 1850's.
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