Assignable (Adjective)
Meaning
Legally transferable to the ownership of another; "negotiable bonds".
Classification
All adjective clusters.
Examples
- The company's shares are fully assignable and can be transferred to new owners without any restrictions.
- The contract stated that the rights to the intellectual property were assignable to a third party.
- The lease agreement specified that the tenant's rights were assignable to a new tenant with the landlord's approval.
- The negotiable instrument was assignable to anyone who possessed it, making it a valuable commodity.
- The assignable nature of the bond made it a popular investment option among investors.