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Bircham and Company , solicitors
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An assignment of term, or assignment to attend the inheritance, was an assignment of the remaining term of years in a mortgage to a trustee after the mortgage itself has been redeemed. An assignment of a lease is the transfer of the rights laid out in the lease to another party, usually for a consideration (a sum of money).
From the British Records Association "Guidelines 3 - Interpreting Deeds: How To Interpret Deeds - A Simple Guide And Glossary".