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| Definition Of: |
Assignment
A provision within a lease agreement that allows either- neither or both parties of a lease transaction to delivery their obligation to a third party in return for immediate compensation. For example- a lessor may assign all current and future lessee's lease payments to a third party in return for cash today.
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Leasing Dictionary INDEX:
List of Terms: Terms beginning with "A", Page 1 |
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1 2 3 4 A: Page 1 of 4.
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