Definition - What does Assignor mean?

An assignor is a person or organization that transfers rights, such as ownership, to another party.

Insuranceopedia explains Assignor

The transfer of rights may also indicate a transfer of obligation. If one enters a contract where they get paid to do a duty for a specific period of time, they must perform this duty during that specified period. The assignment can allow the assignee to delegate a duty to another party if they are incapable of discharging it. Some assignment contracts, however, forbid such a move.

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