noun | as·sign·ment
  1. : the act of assigning

  1. a : a position, post, or office to which one is assigned

    b : a task assigned

  1. : a present transfer of property or rights

    — absolute assignment
    : an assignment in which the transfer is complete and leaves the assignor with no interest in the property or right transferred

    — assignment for the benefit of creditors
    : assignment of property by a debtor to an assignee to be held in trust and used to pay off the debtor's debts

    — assignment of income
    : an assignment by one taxpayer to another of income for the purpose of avoiding taxes

    — assignment of lease
    : an assignment by a tenant of all of his or her remaining rights in a property under a lease — compare sublease

    — effective assignment
    : an assignment by which the assignor's interest in the property or right being assigned is terminated and transferred to the assignee

    — equitable assignment
    : an assignment (as of property in which one has a future interest) that is not valid at law but that would be upheld in a court of equity

    — general assignment
    : an assignment for the benefit of creditors of all of a debtor's property to be distributed fairly to the creditors — compare preference

    — wage assignment
    : an assignment by an employee by which an amount of his or her wages are transferred to another party (as a creditor) before the wages are paid to the employee — compare garnishment