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In this tutorial, Rob Reider discusses assignments and contracts, specifically in the context of real estate. He explains that "assignment" generally refers to the transfer of various types of property, including real and personal property. While it can apply to the transfer of lease terms, it is more commonly used to signify the transfer of a specific estate or interest in land. Key terms related to assignments include "assign," "transfer," and "set over," but similar actions can also be described with "grant" or "bargain to sell." He notes that even documents referred to as "assignments" function in equity, providing insights into their legal implications pertaining to real estate.