deed of assignment
noun[C]
ukuspluraldeeds of assignment(alsoletter of assignment)LAW
alegalagreementto give anassetor toselladebtto someoneelse:
Thisdeedofassignmentenablesownershipof a life-insurancepolicyto betransferredfrom thecurrentownerto anotherpersonororganization.
If thedebthas beensoldby theoriginalcreditor, there should be adeedofassignmentstatingwho is now thelegalownerof thedebt.