Definition, Meaning & Synonyms
assignor
Noun
/əˈsaɪnər/
Definition
A person or entity that transfers rights or interests in a contract or property to another party.
Examples
- In a real estate transaction, the assignor may sell their interest in the property to a buyer.
- The assignor must ensure that all obligations are fulfilled before transferring rights to the assignee.
Meaning
The assignor is the original holder of rights who delegates or sells those rights to another party, known as the assignee.
Synonyms
- Transferor
- Delegate
- Source
