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noun

Assignee n. (Law)

(a)

A person to whom an assignment is made; a person appointed or deputed by another to do some act, perform some business, or enjoy some right, privilege, or property; as, an assignee of a bankrupt. See Assignment (c). An assignee may be by special appointment or deed, or be created by jaw; as an executor.

(b)

pl. In England, the persons appointed, under a commission of bankruptcy, to manage the estate of a bankrupt for the benefit of his creditors.

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Etymology of 'Assignee'

Collaborative International Dictionary of English 0.48

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"Assignee" Quotes from Famous Books

... failure of the many attempts which have been made by the most eminent legal authorities to bring the law into a satisfactory condition. The right of creditors to exercise some control in bankruptcy over the realization of the debtor's property through an assignee chosen by themselves was recognized at an early date, but this right was exercised subject to the supervision of the court which investigated the claims of creditors and determined who were entitled to take part in the proceedings. Provision was also made for the interim protection ...

— Encyclopaedia Britannica, 11th Edition, Volume 3, Part 1, Slice 2 - "Baconthorpe" to "Bankruptcy" • Various

... described lands, unless covered by this mortgage; and I also agree that this mortgage shall cover all such patches. It is further agreed and understood that any securities held by Jones and Co. as owner or assignee on any of the above described property executed by me prior to executing this mortgage shall be retained by them, and shall remain in full force and effect until the above note and future advances are paid in full, and shall be additional security for this debt. There is no lien or encumbrance ...

— The Negro Farmer • Carl Kelsey