General Assignment of Book Debts

Lenders, use this template form to obtain a General Assignment of Book Debts as security from a borrower. The borrower (debtor) assigns its book debts and book accounts to the lender as general continuing collateral security for loan proceeds or other amounts advanced by the lender to the borrower. The assignment gives the lender the right to collect, demand payment, sue, enforce, receive and recover the borrower's book debts. This General Assignment of Book Debts form is a downloadable MS Word file which is easily customizable to fit your needs.