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Glossary   >   A   >   "Assignment (assign)" Definition            Assignment (assign) The transfer of ownership of an item from one person to another. The "item" may be tangible or intangible - for instance the benefit of a contract can be assigned from one of the contracting parties to another (unless the contract forbids assignment). Glossary    Dictionary Search (powered by Google) WWW ITLOCUS.COM GLOSSARY.ITLOCUS.COM Translate a web page (powered by Google)      to German Spanish French Italian Portuguese Japanese Korean Chinese

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Assignment (assign) - The transfer of ownership of an item from one person to another. The "item" may be tangible or intangible - for instance the benefit of a contract can be assigned from one of the contracting parties to another (unless the contract forbids assignment).