India witnessed a truly historic moment on November 8, 2016, when the government took the remarkable step of demonetizing Rs500 and Rs1000 notes. Prime Minister Narendra Modi, in his address to the nation, stated one of the reasons for this policy was to counter the rising menace of fake Indian currency notes.
Debt Assignment. DEFINITION of 'Debt Assignment'. A transfer of debt, and all the rights and obligations associated with it, from a creditor to a third party. Debt assignment may occur with both individual debts and business debts. The company assigning the debt may choose to do so in order to improve its liquidity and/or to reduce its risk exposure.
The Collateral Assignment. 1. The collateral assignment of life insurance is designed to give the lender-. assignee the sole right to collect the proceeds due upon death of the insured, the. sole right to surrender the policy and receive the cash surrender value thereof, and th i ht t bt i l d th li id the right to obtain loans under the policies.