Payment clause — security assignment

Quelle: https://de.wikipedia.org/wiki/Sicherungsabtretung

A contractual provision in which the supplier or creditor assigns certain receivables or claims (e.g., invoices or claims from deliveries) to the payer as security for a payment. The security assignment aims to reduce payment risk by allowing the recipient to access the assigned receivables in case of delays or non-payment.

Related Terms

You might also be interested in these terms

payment security clause

A contractual provision that links payment obligations to the provision or existence of security measures or collateral, in order to secure the paymen...

Learn more

Payment Security Clause

A contract clause that specifies measures to secure or guarantee payment in a transaction. Typical content includes payment terms, security interests ...

Learn more

payment clause

A payment clause is a contractual provision that specifies the terms of payment, including amount, due date, payment method, and consequences of late ...

Learn more

Payment clause; payment plan

A contractual provision that specifies the terms of payment between buyer and seller in a logistics or transport contract, including due dates, paymen...

Learn more

down payment clause

A down payment clause is a contractual provision that requires a down payment or partial payment before the delivery of goods or the performance of se...

Learn more

late payment clause

A contractual clause that governs the consequences of late payment, such as default interest, reminders, payment deadlines, potential suspension of de...

Learn more

⚖️ ICC Incoterms 2020

Incoterms 2020 Simulator: Who bears costs & risk?

Analyze all 11 Incoterms 2020: cost matrix, risk timeline, insurance gap detector and customs responsibility – free, no login required.

Incoterms Simulator →