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Simple English definitions for legal terms

general assignment

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A quick definition of general assignment:

General assignment refers to the transfer of rights or property from one person to another. It can be an absolute assignment where the assignor has no interest in the assigned property or a conditional assignment where the assigned income is given to a lender as collateral security for a loan. A general assignment can also refer to a debtor's property being assigned for the benefit of all the assignor's creditors. It can also mean a task or job given to someone. In parliamentary law, it refers to the process of recognizing who is entitled to speak.

A more thorough explanation:

General assignment refers to the transfer of rights or property from one person to another. It can also refer to the instrument used to effect the transfer. Here are some examples:

  • An aunt assigns funds to her niece, who invests them in mutual funds.
  • A person receives a cheque in good faith and obtains a good title, even if the cheque was stolen.
  • An absolute assignment leaves the assignor with no interest in the assigned property or right.
  • An assignment for value is given in exchange for consideration.
  • A general assignment is when a debtor assigns their property for the benefit of all their creditors, instead of just a few.
  • A wage assignment is when an employee assigns a portion of their pay to a creditor.
  • The assignment of various duties is the act of assigning tasks, jobs, or appointments.

These examples illustrate how general assignment can be used in different contexts, such as finance, law, and employment. It is important to understand the specific type of assignment being used and the legal implications of the transfer of rights or property.

general assembly | general assumpsit

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19:43
@Dkk: yeah register 1 website and every swinging tom dick and harry calls/emails/texts to 'help with seo'. like bruh, if YOU found it, what i am doing is working
Dkk
19:43
Indeed!
19:48
wasp, i think people are hopeful for a gov who at least attempts to care about the common man
MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
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