Meaning of ASSIGN in English

ASSIGN

To transfer or exchange future rights. In leasing- the right to receive future lease payments in a lease is often transferred to a funding source- in return for up-front cash. The up-front cash represents the loan proceeds from the funding source- and is equal to the present value of the future lease payments discounted at the leasing company's cost of borrowing. A lease assigned by the lessor to a funding source is called an assigned lease.

Finance-Leasing English vocabulary.      Английский словарь финансов и лизинга.