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World English Dictionary
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assignment of rents
as·sign·ment of rents
noun
Definition:
document giving lender defaulting borrower's rents:
a loan agreement by which a lender is given the right to a particular income stream belonging to the borrower in the event of default
Encarta® World English Dictionary [North American Edition] © & (P)2009 Microsoft Corporation. All rights reserved. Developed for Microsoft by Bloomsbury Publishing Plc.
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