absolute assignment
- A type of assignment where all rights and benefits related to a property or agreement are fully transferred, resulting in the original owner having no remaining stake or claim
- The life insurance policyholder decided to opt for an absolute assignment, effectively transferring all his benefits to his children.
- After the absolute assignment of the patent rights, the inventor no longer had any interest in the patent.
- By executing an absolute assignment, the tenant transferred all his rights and obligations of the lease to the new renter.
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