absolute assignment的意思|示意

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Absolute assignment is an English phrase commonly found in legal documents. It is a transfer of Mortgage or Debt by one person or entity to another without any condition. In an absolute assignment, the original party permanently transfers all of its rights, title, and interest in the property or debt to the new party. Generally, the new party assumes full responsibility for the transferred property or debt and becomes the legal owner.

Absolute assignment can be distinguished from a mortgage or debt assignment with condition. With the latter, there are conditions attached to the transfer and the original party can repossess the mortgage or debt if the condition is not met.

Since absolute assignment permanently transfers the mortgage or debt to the new party and includes no conditions, the original party is not allowed to repossess the mortgage or debt once it has been assigned. Furthermore, since the new party is the legal owner, it is also responsible for any associated costs of the mortgage or debt, and must also meet any obligations related to the property or debt such as paying taxes or insurance premiums.

In conclusion, an absolute assignment is a permanent transfer of mortgage or debt from one party to another without any conditions. The new party is then the legal owner of the mortgage or debt and must meet all related obligations.