This section of the book is from the "Canadian Banking Practice" book, by John T. P. Knight.
Question 102.— Would an assignment of book accounts which may be created during the year, be an effectual security. or is it necessary that the accounts should first be actually in existence and specifically assigned?
Answer.—If the assignment is properly drawn so as to cover future accounts, it will pass them as they arise. It would perhaps be well that the assignment should state the names of the prospective debtors.