Assignor

Individual who transfers specific contract rights under an absolute or collateral assignment.

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UK: The party who transfers (i.e. assigns) his rights in a policy, property or rights to another party called the Assignee.

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The person who assigns a mortgage or Insurance agreement.

 

 

 

Assisted living

Care for long-term, physical non-occupational activities of daily living (ADL), such as bathing, continence, dressing, eating, housekeeping, laundry, medications, mobility, transferring in and out of bed or a chair, using the toilet, and walking. These individuals want to remain independent and do not require constant care. In most cases, the “assisted living” residents pay a regular monthly rent. Then, they typically pay additional fees for the services they receive, such as hair cuts or pedicures.

Assisted living center (ALC)

Residences that provide help with the activities of daily living (ADLs) and that emphasize residents’ privacy and choice. Residents typically have private locking rooms (only shared by choice) and bathrooms. Personal care services are available on a 24-hour-a-day basis, licensed as residential care facilities or as rest homes. The size of an ALC may range from 3 to 15 residents to as large as 600 to 800 residents. Also called assisted living facility (ALF), adult foster care, domiciliary care, or residential care.

Association

1. Group of individuals who unite together for business purposes. 2. In psychology, the connection of remembered feelings, emotions, sensations, thoughts, or perceptions with certain persons, ideas, or situations.