Assignor

Accounting Dictionary

Assignor

Person who gives legal rights to a third party.

John lost a lawsuit and was required to pay Mary $50,000. John sold a piece of property, and assigned the proceeds of $50,000 to Mary. That means Mary has the legal right to receive the $50,000. John is the assignor.

Sign Up to Learn More!

Join our mailing list today to get notified of new discount offers, course updates, Roger CPA Review news, and more!