The formal transference of something to someone else.
Example sentencesExamples
His subsequent procedural failures under Florida law do not invalidate that attornment.
It seems that there cannot be an attornment when the third party holds the borrower's property in bulk with those of others, such that it is not identifiable, e.g. grain in a silo.
The attornment is much less drastic and intrusive into the rights of the mortgagee.
Attornment clauses in mortgages are rarely created today, but the official receiver may come across old mortgages still containing such clauses.
The plaintiffs' mortgages included the right of attornment of rents and other remedies in the event of default.
Synonyms
transfer, making over, giving, passing on, handing down, conveyance, consignment, alienation
Definition of attornment in US English:
attornment
nounəˈtərnmənt
Law
The formal transference of something to someone else.
Example sentencesExamples
The attornment is much less drastic and intrusive into the rights of the mortgagee.
The plaintiffs' mortgages included the right of attornment of rents and other remedies in the event of default.
Attornment clauses in mortgages are rarely created today, but the official receiver may come across old mortgages still containing such clauses.
It seems that there cannot be an attornment when the third party holds the borrower's property in bulk with those of others, such that it is not identifiable, e.g. grain in a silo.
His subsequent procedural failures under Florida law do not invalidate that attornment.
Synonyms
transfer, making over, giving, passing on, handing down, conveyance, consignment, alienation