Assignment is the legal term for the transfer of rights to property or money from one person to another. The person who makes the transfer is the assignor. The assignee receives whatever rights the assignor had. For example, if the assignor has the right to possess a piece of land, the assignee receives the right. If the assignor has only the right to collect rents from the land, the assignee receives only that right. People usually make assignments in writing. In some cases, a person may assign property that he or she expects to own. See also Loan company .
