Mortgage Glossary
Build up your knowledge by using our
mortgage glossary, here to help you
understand the sometimes confusing terms
used to describe mortgages and other
financial related products. We have
laid out our glossary in an easy to use A-Z
Format. If you are looking for personal
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Definition: Assignment (assign)
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The transfer of ownership of an item from one person to another. The 'item' may be tangible or intangible - for instance the benefit of a contract can be assigned from one of the contracting parties to another (unless the contract forbids assignment).
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Other Resources
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