What is the definition of Assignment clause? | Dictionary.net

ASSIGNMENT CLAUSE

\ɐsˈa͡ɪnmənt klˈɔːz], \ɐsˈa‍ɪnmənt klˈɔːz], \ɐ_s_ˈaɪ_n_m_ə_n_t k_l_ˈɔː_z]\

Definitions of ASSIGNMENT CLAUSE

1910 - Black's Law Dictionary (2nd edition)

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In life insurance a third party can be used as collateral. Casualty and property insurance is not assignable.

1910 - Black's Law Dictionary (2nd edition)
By Henry Campbell Black

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