Asignavimas

Asignavimas is a Lithuanian legal and financial term describing the act of assigning or earmarking rights or funds from one entity to another. In civil-law usage, asignavimas commonly means the transfer of a claim or other right (reikalavimo perleidimas) from the original owner (the assignor) to a new holder (the assignee). This transfer is typically effected by contract or by law; it may require notifying the debtor and can discharge the debtor from obligations to the original creditor once the assignment takes effect. The specifics, such as consent requirements and the effects against third parties, depend on the applicable law and the contract.

In the field of public finance and budgeting, asignavimas refers to the allocation or earmarking of funds for particular purposes. It creates a budgetary item or appropriation that authorizes spending within approved limits. Government institutions, municipalities and state agencies use asignavimas to designate resources for programs, procurements, or projects. Changes to allocations usually require formal decisions, such as budget laws, amendments, or internal regulations, and are tracked in financial accounting.

Besides these contexts, asignavimas can occur in corporate settings as the assignment of contractual duties or performance rights, or as a way to allocate resources within an organization. The term thus covers both transfer of rights and allocation of funds, with precise meaning depending on context.

Etymology: from Latin assignare, via Lithuanian usage.