India witnessed a truly historic moment on November 8, 2016, when the government took the remarkable step of demonetizing Rs500 and Rs1000 notes. Prime Minister Narendra Modi, in his address to the nation, stated one of the reasons for this policy was to counter the rising menace of fake Indian currency notes.
Debt Assignment. DEFINITION of 'Debt Assignment'. A transfer of debt, and all the rights and obligations associated with it, from a creditor to a third party. Debt assignment may occur with both individual debts and business debts. The company assigning the debt may choose to do so in order to improve its liquidity and/or to reduce its risk exposure.
Sometimes mistakenly identified as an Americanism, loan1 as a verb meaning âto lendâ has been used in English for nearly 800 years: Nearby villages loaned clothing and other supplies to the flood-ravaged town. The occasional objections to loan as a verb referring to things other than money, are comparatively recent. Loan is standard in all contexts but is perhaps most common in financial ones: The government has loaned money to farmers to purchase seed.