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Assig Assis

Assignee

A party to whom all or part of the procedures of a letter of credit have been formally pledged, usually through a bank.

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Assignment

1. In law, the transfer of rights, title, interests and benefits of a contract or financial instrument to a third party. 2. In letters of credit, the beneficiary of the letter of credit is entitled to assign his/her claims to…

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Assignor

A letter of credit beneficiary who formally pledges all or part of the L/C procedures to one or more third parties, usually by executing an assignment of proceeds document at a bank.

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