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Simple English definitions for legal terms

assignment pro tanto

Read a random definition: Notice statute

A quick definition of assignment pro tanto:

An assignment is when someone gives their rights or property to someone else. It can be a transfer of ownership or a transfer of the right to collect money. There are different types of assignments, like a total assignment where the assignee can enforce the entire right, or a partial assignment where only part of the right is transferred. An assignment pro tanto happens when an order is drawn on a third party and made payable from a particular fund that belongs to the drawer. This means the drawee becomes an assignee with respect to the drawer's interest in that fund.

A more thorough explanation:

Definition: Assignment pro tanto refers to a type of assignment where an order is drawn on a third party and made payable from a specific fund that belongs to the drawer. The drawee becomes an assignee with respect to the drawer's interest in that fund.

Example: Let's say John owes Jane $500 and has $1000 in his bank account. John writes an order to his bank to pay Jane $500 from his account. This order is an assignment pro tanto, and the bank becomes an assignee with respect to John's interest in that $500.

This example illustrates how an assignment pro tanto works. John assigns a portion of his bank account to Jane, and the bank becomes an assignee with respect to that portion of John's account.

assignment of wages | assignor

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windyMagician
19:30
yeah it is for the pook
windyMagician
19:31
actually they're for shaq
Dkk
19:32
That sounds bipolar
19:32
@KnowledgeableRitzyWasp: idk ask my husband when he comes back on here
windyMagician
19:33
I'm kinda a radfem tradwife
JumpySubsequentDolphin
19:35
radfem trad wife makes me lol
JumpySubsequentDolphin
19:36
i want the privileges of tradwife w/o the responsibilities of tradwife
19:38
i want a house husband who sits at home all day and sends me instagram reels while i’m working
JumpySubsequentDolphin
19:39
that sounds like my worst nightmare
19:40
ever since I was a little girl I knew I wanted a bum ass boyfriend <3 i come from a long lineage of women with bum ass boyfriends it’s encoded in my genetics
i want to live in a nice apartment and spend my entire waking hours reviewing corporate contracts, with small breaks for doordashed sushi and gacha gaming gambling
jackfrost11770
19:41
i'm getting into a school this week guys i am i better be
Dkk
19:41
Well Bunny, I will be your Fordham bum husband if you get into NYU and do big law.
JumpySubsequentDolphin
19:41
i want to marry a man who works so much i only see him for three hours every week
windyMagician
19:42
well pookie says he's busy working on his house :/
windyMagician
19:43
the Fordham bum husband is crazy
@Dkk: sorry thats my job actually you gotta grt your own
killjoyace
19:46
are y'all actually together or is this a super elaborate bit
Thats my wife
killjoyace
19:46
fr?
19:46
yeah
they have 3 kids and a dog
killjoyace
19:46
SDFJHk good for y'all
windyMagician
19:47
I'm the dog
Dkk
19:48
HEY THAT'S MY WIFE PAL
killjoyace
19:48
drama???????
19:49
@Dkk: im not a bigamist
windyMagician
19:49
they say I'm that bitch, yeah I got that dog in me
@Dkk: what are you on about
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