Assign


Definition of "Assign"

To transfer to another's rights under a contract.

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Popular Real Estate Terms

Nonassignable Policy

Insurance policy, particularly property and liability insurance, which the owner cannot assign to a third party. ...

Numerical Rating System

Underwriting method used in classifying applicants for life insurance according to certain demographic factors and assigning weights to these factors. ...

Per-unit Allocation

Allocating common or central costs to each unit of property. An example is assigning to each owner of an apartment based on the number of rooms occupi ...

Automobile Assigned Risk Insurance Plan

Coverage in which individuals who cannot obtain conventional automobile liability insurance, usually because of adverse driving records, are placed in ...

Capricious Value

Arbitrary value assigned to real property without any scientific or technical reason. It is a personal decision based on a hunch. ...

Split Dollar Life Insurance

Policy in which premiums, ownership rights, and death proceeds are split between an employer and an employee, or between a parent and a child. The emp ...

Popular Real Estate FAQ

What Is A Default?

A default is when a person fails to make payments on a loan. ...

How Big Is An Acre?

Wondering how big is an acre?It is common to hear people say that it's almost the size of a football field without both end zones. But sometimes *almo ...

What Is A VA Loan?

A VA loan is a type of loan available to veterans and guaranteed by the Department of Veterans\' Affairs. ...

Who Is A Subagent?

A subagent is an agent who works with you to purchase a house but is paid by the seller. ...

Besides Making My Monthly Mortgage Payment, How Can I Build Equity Into My House?

When making your monthly mortgage payment, try to send a little bit more. This will go directly to the principal of the loan rather than the interest ...

What Is An Agent?

A person authorized to work on anothers behalf-for instance, a person authorized to sell or buy a house on your behalf. ...

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