equitable assignment
- A transfer of property or rights, particularly those in which the transferor has a future interest, that may not technically be legal, but would be considered fair and just by a court focusing on justice and fairness
- Despite the lack of a written contract, the judge recognized the equitable assignment of the store's future profits to the plaintiff.
- The attorney argued that even though there was no formal agreement, the bank's actions reflected an equitable assignment of the debts.
- While there was no formal deed of transfer, the court acknowledged the equitable assignment of the property based on the circumstances.
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