Collateral Creditor Assignee


Definition of "Collateral creditor (assignee)"

Individual to whom rights to a benefit are assigned. A life insurance policy is assigned by the collateral borrower (assignor) to the collateral creditor (assignee) as security for a loan.



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What do I need to know about Term Life Insurance? I looked at a property yesterday with a REALTOR® who seems to be clueless. I am really interested in purchasing the property, though. Can I switch agents and still make the purchase? What is a mortgage broker? What is underwriting? What is a commitment letter?