A specific contract that assigns income and rent from a tenant of a property to the mortgage lender. This protects the mortgagee or lender should any default take place in terms of the property in question. An example of this is when lenders require such an agreement before agreeing to a mortgage loan for a landlord.

Previous Terms: 1031 Exchange, 1035 Exchange, AARP, Abeyance, Abstraction Principle, Accelerated Amortization, Acceptance Credit, Acceptance of a Bill of Exchange, Accommodation Bill, Accommodation Endorser