The phrase "assignment of benefit" is correct and usable in written English.
It is typically used in legal or insurance contexts to refer to the transfer of benefits from one party to another, often in relation to claims or entitlements.
Example: "The policyholder signed an assignment of benefit form to allow the healthcare provider to receive payment directly from the insurance company."
Alternatives: "transfer of benefits" or "benefit assignment".
The problem is Assignment of Benefits (AOB) is a process that was originally designed to help Florida's consumers get their homeowner insurance claims paid more promptly by signing over control of their claims to vendors and contractors, thereby allowing insurers to pay vendors quickly and directly for repair work.
A second, related scam: repair contractors seeking an "assignment of benefits". This document often cuts you out of the adjustment process, and allows the repair company to charge whatever it wants, submitting it right to the insurance company, without any knowledge by the homeowner.
Hence, the structured layer caused improvement of the biocompatibility, corrosion resistance and assignment of extra benefits for Osseo integration.
In August, OnLive went through a form of bankruptcy, called assignment for the benefit of creditors, and shareholders including Mr. Perlman lost their investment and employees were laid off.
Navdy, which made an in-car heads-up display that projected info like navigation on to your windscreen, has been sending out notices to customers and others who might have claims against the company, as part of a General Assignment for the Benefit of Creditors.
Navdy, Inc. ("Navdy" or the "Company") has undertaken an assignment for the benefit of creditors ("Assignment") as of October 26, 2017 and appointed an Assignee.
In an assignment for the benefit of creditors, the business assigns its assets to a trustee, who auctions them off and distributes the proceeds to creditors.
Indeed, in the event of the startup's bankruptcy or an assignment for the benefit of creditors, the noteholders would have priority (i.e., be ahead of the stockholders) with respect to any payments or distribution of assets.
I found out that they were going through this ABC, or Assignment for the Benefit of the Creditors, process, and fortunately we ended up working something out".
