Assignee Bonds…

An Assignee Bond guarantees that the person appointed by the court to oversee the liquidation of an insolvent debtors assets will faithfully perform his duties to creditors. An assignment is a transfer to another of a right, interest, or title to property, or an instrument of transfer. In other words it is a way of directing assets to others, for them to own. This mechanism allows the tax point of an investment bond to be deflected away from the original owner to a new owner.