Assignee (Noun)
Meaning
(law) the party to whom something is assigned (e.g., someone to whom a right or property is legally transferred).
Classification
Nouns denoting people.
Examples
- The deed was transferred to the assignee, who became the new owner of the property.
- The company was the assignee of the contract and was responsible for fulfilling its obligations.
- The patent was assigned to a new company, which became the assignee and was entitled to royalties.
- As the assignee of the lease, she was responsible for paying the rent and maintaining the property.
- The bank was the assignee of the mortgage and had the right to foreclose on the property if payments were not made.