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.
Definition of loan. 1  1a : money lent at interest took out a loan to pay for the new carb : something lent usually for the borrower's temporary use. 2  2a : the grant of temporary use Can I have the loan of your car?b : the temporary duty of a person transferred to another job for a limited time He had been on loan to the navy during the war.