General Assignment of Book Debts

Lenders, obtain a General Assignment of Book Debts from a borrower as additional security.

• The borrower assigns its book debts and accounts to the lender as general continuing collateral security for a commercial loan or credit facilities provided by the lender.
• The assignment gives the lender the right to collect, demand payment, sue, enforce, receive and recover the borrower's book debts.

This General Assignment of Book Debts form is a downloadable MS Word file which is easily customizable to fit your needs.