Legal Dictionary of Pakistan
Quick lookup for English, Urdu, and Latin legal terms used in Pakistani jurisprudence.
Assignable, adj. That can be assigned; transferable from one person to another, so that the transferee has the same rights as the transferor had <assignable right>. Cf. Negotiable. Assignable lease
see lease.
Transferable
adj. Capable of being transferred, together with all rights of the original holder.
transferable letter of credit
A letter of credit that authorizes the beneficiary to assign the right to draw under it.