Ban on assignment

From ACT Wiki
Revision as of 12:32, 20 April 2016 by imported>Doug Williamson (Create the page. Source: GSCFF standard definitions.)
(diff) ← Older revision | Latest revision (diff) | Newer revision → (diff)
Jump to navigationJump to search

A clause in a customer's terms of business with its supplier, prohibiting the assignment of the proceeds of the sale.

This prevents the supplier from using receivables finance techniques.


See also

Retrieved from ‘https://wiki.treasurers.org/w/index.php?title=Ban_on_assignment&oldid=4315’