Simple English definitions for legal terms
Read a random definition: trade embargo
Total assignment refers to the transfer of rights or property from one person to another. It can be an absolute assignment, which means the assignor has no interest in the assigned property or right, or a conditional assignment, which is made to secure a loan.
For example, if a person assigns their stock options to someone else, they are transferring their right to buy or sell those stocks. Another example is when a person assigns their wages to a creditor to pay off a debt.
Total assignment can also refer to a task or job given to someone, such as an assignment as an ambassador to a foreign country. In parliamentary law, it refers to the process of recognizing who is entitled to speak.
Overall, total assignment is a legal term that involves the transfer of rights or property and can have various meanings depending on the context.