assignment


assignment
Options are exercised through the option purchaser's broker, who notifies the clearinghouse of the option's exercise. The clearinghouse then notifies the option seller that the buyer has exercised. When futures options are exercised, the buyer of a call is assigned a long futures contract, and the seller receives the corresponding short. Conversely, the buyer of a put is assigned a short futures contract upon exercise, while the seller receives the corresponding long. The CENTER ONLINE Futures Glossary
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Transfer of any contractual agreement between two parties. One of the parties, the assignor, transfers its rights or obligations to another party, the assignee. If interests in assets of the assignor are assigned, the assignment transfers all or some of the rights of ownership to the assignee. If interests in obligations of the assignor are assigned, the assignor is totally or partially absolved from further performance. Lenders sometimes see leased property assigned from the original lessor to another party who then pledges them to the bank as collateral for a loan. For personal property collateral, a secured party may enter an assignment of its security interest into the public record by using a standard form called UCC-3. American Banker Glossary
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The receipt of an exercise notice by an options writer that requires the writer to sell ( in the case of a call) or purchase ( in the case of a put) the underlying security at the specified strike price. Bloomberg Financial Dictionary
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The designation of an option writer for fulfillment of his obligation to sell the underlying futures contract (call options writer) or buy the underlying futures contract (put option writer) upon notice from the Clearing House. Notice to the seller of an option that has been exercised by the buyer. Chicago Mercantile Exchange Glossary
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( options)
The process by which the CME clearing house, in response to a long exercising its option, randomly selects a seller to fulfill its obligation to buy or sell the underlying futures contract at its strike price. The assigned seller of a put must buy the underlying futures contract; the assigned seller of a call must sell the underlying futures contract. Chicago Mercantile Exchange Glossary
The process by which the CME clearing house selects the long position to accept delivery on a contract for which a seller has submitted a delivery notice. Chicago Mercantile Exchange Glossary
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When an option is exercised by the holder, the clearing house will randomly match the exercise notice received against an open short position, and advise the chosen writer of the requirement to fulfil his contractual obligations. This is the process of assignment. Assignment is also the process by which a trade is directed into the appropriate account in TRS, either into the house, segregated (See segregation) or non-segregated account of the firm. Dresdner Kleinwort Wasserstein financial glossary
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Notice sent by the clearing house to the option writer informing him that the option has been exercised. LIFFE

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assignment as‧sign‧ment [əˈsaɪnmənt] noun
1. [countable] a piece of work that someone is given:

• My assignment was to save the company, whatever it took.

2. [uncountable] JOBS when someone is given a particular job or task, or sent to work in a particular place or for a particular person:

• With the agreement, GM got more control over the assignment of skilled workers in the plant.

3. [uncountable] the act of deciding that something has a particular value or is of a particular quality:

• Moody's said assignment of the highest rating reflects the company's improved performance.

4. [uncountable] LAW the act of giving something such as property to someone formally, by contract:

• a change of tenant halfway through the rental period through assignment of the lease

— see also deed of assignment
ˈwage asˌsignment [uncountable]
when someone agrees to have part of the money they earn taken away, for example to pay a debt or pay into a pension

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assignment UK US /əˈsaɪnmənt/ noun
[C] a task or a piece of work that is given to someone to do, often for a limited period of time: »

a six-month assignment

»

Solving the industry's infrastructure problems while satisfying shareholders is going to be a tough assignment.

give sb an assignment »

Our team was given an assignment to find the gaps in the market.

»

accept/refuse/take on an assignment

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carry out/complete/finish an assignment

global/international/overseas, etc. assignment »

One of his first overseas assignments was as a junior in a delegation to Moscow.

»

Assessment for the course will be based on four written assignments and a final examination.

[U] the process of giving someone a particular job, task, or responsibility: »

The restructuring will require changing the assignment of responsibilities and reporting relationships.

[C or U] LAW the act of giving something that belongs to you, such as a property or a financial agreement, to somebody else: »

The Agreement will terminate automatically in the event of its assignment.

»

The assignment of a legal lease must be in the form of a deed to be effective.

on assignment — Cf. on assignment
See also DEED OF ASSIGNMENT(Cf. ↑deed of assignment), WAGE ASSIGNMENT(Cf. ↑wage assignment)

Financial and business terms. 2012.

Synonyms:

Look at other dictionaries:

  • assignment — as·sign·ment n 1: the act of assigning 2 a: a position, post, or office to which one is assigned b: a task assigned 3: a present transfer of property or rights absolute assignment: an assignment in which the transfer is complete and leaves the… …   Law dictionary

  • Assignment — As*sign ment, n. [LL. assignamentum: cf. OF. assenement.] 1. An allotting or an appointment to a particular person or use; or for a particular time, as of a cause or causes in court. [1913 Webster] 2. (Law) (a) A transfer of title or interest by… …   The Collaborative International Dictionary of English

  • assignment — late 14c., order, request, directive, from O.Fr. assignement (legal) assignment (of dower, etc.), from L.L. assignamentum, noun of action from L. assignare (see ASSIGN (Cf. assign)). Meaning appointment to office is mid 15c.; that of a task… …   Etymology dictionary

  • assignment — assignment, assignation An assignment is an allocation, and in law a legal transfer of a right or property, or the document that effects the transfer. It is also a task or piece of work allotted to a person, in this meaning originating in AmE.… …   Modern English usage

  • assignment — [n1] responsibility, task appointment, beat, charge, chore, commission, drill, duty, homework, job, mission, position, post, practice, stint; concept 362 assignment [n2] selecting or setting apart allocation, allotment, appointment, apportionment …   New thesaurus

  • Assignment K — is a 1968 British thriller film directed by Val Guest, and starring Stephen Boyd, Camilla Sparv, Michael Redgrave and Leo McKern. A British spy has his cover blown, leading to the East German Stasi kidnapping his girlfriend in order to try and… …   Wikipedia

  • assignment — *task, duty, job, stint, chore …   New Dictionary of Synonyms

  • assignment — ► NOUN 1) a task allocated to someone as part of a job or course of study. 2) the action of assigning …   English terms dictionary

  • assignment — [ə sīn′mənt] n. 1. an assigning or being assigned; appointment; allotment 2. anything assigned or allotted, as a lesson, task, etc. 3. Law a) a transfer of a claim, right, property, etc. b) an instrument, as a deed, authorizing this SYN. TASK …   English World dictionary

  • assignment — n. task mission 1) to give smb. an assignment 2) to carry out an assignment (the ambassador carried out her assignment brilliantly) 3) a dangerous; difficult, rough, tough; easy assignment 4) an overseas; rush; special assignment 5) an assignment …   Combinatory dictionary