assigned account
A pledge of an account receivable to a bank or factor as security for a loan. [Cases: Assignments 10; Pledges 5; Secured Transactions 181. C.J.S. Assignments §§ 19–21; Pledges § 8; Secured Transactions §§ 25, 134–136.]
A pledge of an account receivable to a bank or factor as security for a loan. [Cases: Assignments 10; Pledges 5; Secured Transactions 181. C.J.S. Assignments §§ 19–21; Pledges § 8; Secured Transactions §§ 25, 134–136.]