Meaning of the word assignee in English

What does assignee mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

assignee

UK /əˌsaɪˈniː/

Noun

a person to whom the rights to a property, etc. have been given:

Example:
The lease states that the original tenant should not be liable in the event of default by the assignee.