An assignor refers to a person or entity who transfers (or assigns) an insurance policy or mortgage to another party.
They are more common with the former than latter.
In some circumstances, and with the right legal wording, an option to purchase can be assigned by an assigner to someone else.
Meaning the buyer who a seller has agreed to sell his property to, has given up the right to buy to another party who the seller might have never met.
The party in which the assignor has transferred right to would have the same rights as the original rights holder.
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