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Document Id : 205
File Type : Microsoft Word
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General Assignment of Book Debts
Lenders, obtain a General Assignment of Book Debts from a borrower to secure a loan.
- The borrower assigns its book debts and accounts to the lender as general continuing collateral security for a commercial loan or credit facilities provided by the lender.
- The assignment gives the lender the right to collect, demand payment, sue, enforce, receive and recover the borrower's book debts.
- This is a generic legal form which is not country-specific.
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