Assignee

A third party that buys a lease agreement from a lessor. You become obligated to the assignee, and the assignee generally assumes the responsibilities of the lessor, although some obligations may remain with the lessor. For purposes of Regulation M, an assignee may be a lessor when the assignee has substantial involvement in the lease.

Source: Federal Reserve Board

The entity that is the recipient of a transfer of a patent application, patent, trademark application or trademark registration from its owner of record (assignor).

Source: U.S. Patent and Trademark Office.

A person or business that is put in the place of the original creditor, such as a collection agency. You can assign your judgment to another person or business.

Source: California Courts.

Last reviewed October 2022