assignee Meaning of "assignee"

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Definition(s):

  • (n) (law) the party to whom something is assigned (e.g., someone to whom a right or property is legally transferred)

Usage(s):

  1. Headed by Managing Director Eugene MacLean, onetime Washington Post general manager, the Observer editors promptly asked a court for an assignee to preserve the weekly's .
  2. These problems arise in the context of securitization and illustrate the difficulty of determining the name of the holder, the assignee of the mortgage, and the parties with both .

Quotes

  1. "The question of appropriate assignee liability for some loans remains of great concern to our office," said Attorney General Coakley. "While we are not proposing a regulation at this time, we have not ruled out proposing additional...
    on Aug 7, 2007 By: Martha Coakley Source: Massachusetts Attorney General

  2. "These strict (state) assignee liability laws threaten the availability of credit, frankly, in the subprime market," Ney said as he opened a June 2004 hearing focused on the subject. "Acting as a usury cap on mortgage lending, these laws...
    on Oct 9, 2008 By: Bob Ney Source: Seattle Post Intelligencer

  3. "History and precedent make clear that such an assignee has long been permitted to bring suit," Justice Stephen Breyer wrote in the majority ruling.
    on Jun 23, 2008 By: Stephen Breyer Source: CNNMoney.com

Word of the Day
irrevocable
/ɪ ˈrɛ və kə bəl /