Debt Assignment
A transfer of debt from a creditor to a third party.

Investopedia Says:
In a debt assignment, a creditor assigns the debt that is owed and all rights associated with it to a third party. This may occur at a personal or corporate level, and the debtor should remain unaffected unless new terms are agreed upon.

Related Terms:
Assignment
Creditor
Debt
Debtor
Interest
Loan

• Nonrenewable Resource
• Non-Renounceable Rights
• Non-Resident
• Non-Resident Alien
• Non-Sampling Error
• Nontaxable Dividends
• Noon Average Rate Contract (NARC)
• Noon Average Rate Contract (NARC)
• No-Par Value Stock
• No Quote
• No-Ratio Mortgage
• Normal-Course Issuer Bid-NCIB
• Normal-Course Issuer Bid-NCIB
• Normal Distribution
• Normalized Earnings
• Normal Market Size
• Normal Yield Curve
• Normative Economics
• North American Free Trade Agreement (NAFTA)
• North American Free Trade Agreement (NAFTA)
• North American Industry Classification System (NAICS)
• North American Industry Classification System (NAICS)
• North American Loan Credit Default Swap Index - LCDX
• North American Loan Credit Default Swap Index - LCDX
• North American Securities Administrators Association (NASAA)