Assignee

Assignee

Person who receives legal rights from a third party.

John lost a lawsuit and was required to pay Mary $50,000. John sold a piece of property, and assigned the proceeds of $50,000 to Mary. That means Mary has the legal right to receive the $50,000. Mary is the assignee.

There is currently no content classified with this term.

Get instant access to step-by-step instructions on how to apply and sit for the CPA Exam.