meaning of assignment of accounts receivable

assignment of accounts receivable meaning in Law Dictionary

whenever reports are pledged as collateral for a loan. The lender gets repayment from these reports if default happens. Reference asset based lending.


assignment of accounts receivable meaning in Business Dictionary

Pledging of reports receivable as security for a loan. In the event of default, the lending company has got the to gather repayments on those records. See also asset based lending.