TERMIUM Plus®

The Government of Canada’s terminology and linguistic data bank.

ABSOLUTE ASSIGNMENT [2 records]

Record 1 2016-01-20

English

Subject field(s)
  • PAJLO
  • Law of Contracts (common law)
  • Property Law (common law)
DEF

An outright transfer of title as distinguished from a transfer by way of security. (Ballentine, p. 6)

CONT

An absolute assignment is an owner's act of completely transferring all of his rights, benefits and liabilities to a life insurance policy or annuity.

French

Domaine(s)
  • PAJLO
  • Droit des contrats (common law)
  • Droit des biens et de la propriété (common law)
CONT

Une cession absolue permet de transférer l'ensemble des droits et obligations à l'égard d'un contrat au prêteur et l'emprunteur perd tout contrôle du contrat. Le transfert en garantie d'une dette n'est pas imposable mais risque d'avoir, ultérieurement, des conséquences juridiques et fiscales défavorables.

OBS

cession absolue : terme normalisé par le Comité de normalisation, Promotion de l'accès à la justice dans les deux langues officielles (PAJLO).

Spanish

Save record 1

Record 2 1986-10-01

English

Subject field(s)
  • Life Insurance
DEF

An assignment of all control and rights in a policy to someone other than the person on whose life the policy is written.

French

Domaine(s)
  • Assurance sur la vie
DEF

Action par laquelle le propriétaire d'une assurance sur la vie cède tous les droits que lui garantit le contrat.

OBS

La cession s'effectue habituellement par avenant. Forme fautive: transport absolu.

Spanish

Save record 2

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