ASSIGNMENT

assignment.  1.  The  transfer  of  rights  or  property  <assignment  of  stock  options>.  [Cases: Assignments    31.  C.J.S.  Assignments  §§  43,  46.]  2.  The  rights  or  property  so  transferred  <the aunt assigned those funds to her niece, who promptly invested the assignment in mutual funds>. “An assignment is a transfer or setting over of property, or of…

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ASSIGNEE CLAUSE

assignee  clause.A  provision  of  the  Judiciary  Act  of  1789  that  prevented  a  litigant  without diversity of citizenship from assigning a claim to another who did have the required diversity. • In 1948  the  assignee  clause  was  replaced  by  28  USCA  §  1359,  which  denies  federal  jurisdiction when a party is improperly or collusively joined, by…

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ASSIGNEE

assignee (<<schwa>>-sI-neeor as-<<schwa>>-nee). One to whom property rights or powers are transferred by another. • Use of the term is so widespread that it is difficult to ascribe positive meaning  to  it  with  any  specificity.  Courts  recognize  the  protean  nature  of  the  term  and  are therefore often forced to look to the intent of the…

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ASSIGN DOWER

assign  dower.To  set out the  legal  description  of  a  widow’s  share  of  her  deceased  husband’s estate. See DOWER.[Blacks Law 8th]

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