assigned account
A pledge of an account receivable to a bank or factor as security for a loan. [Cases: Assignments 10; Pledges 5; Secured Transactions 181. C.J.S. Assignments ¡ì¡ì 19¨C21; Pledges ¡ì 8; Secured Transactions ¡ì¡ì 25, 134¨C136.]
Carl, Chinese legal translator, specializes in translating legal documents pertaining to
complex business disputes.
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