Able to be assigned, transferred, or given to another person, especially in legal or financial contexts.
From 'assign' plus the adjective suffix '-able'. The 'assign' root comes from Old French 'assigner' (to appoint, allot) and Latin 'assignare' (to mark out, allot).
In law, whether something is 'assignable' changes everything—an assignable contract can be sold to a third party, but many personal service contracts are deliberately non-assignable to prevent you from outsourcing your obligations.
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