Definition of Equitable Assignment
An assignment which, though invalid at law, will be recognized and enforced in equity, e.g., an assignment of a chose in action, or of future acquisitions of the assignor. Stewart v. Kane, Mo.App., Ill S.W.2d 971, 974. In order to work an “equitable assignment”, there must be an absolute appropriation by the assignor of the debt or fund sought to be assigned. Sneesby v. Livington, 182 Wash. 229, 46 P.2d 733, 735.
That's the definition of Equitable Assignment in Black's Law Dictionary 6th Edition. Courtesy of Cekhukum.com.
