Assignable Contract

Assignable Contract

A futures contract that the holder may assign to another party. That is, the holder may give or sell the assignable contract to a third party, allowing this party to take on all rights and obligations associated with the contract. One may do this and still profit from the investment if the underlying asset has appreciated. This is a relatively unusual provision; most futures traded on exchanges are not assignable contracts.
References in periodicals archive ?
The assignable contract includes the delivery of a generative beam smelter incl.
Buyer #1 enters into an assignable contract with the seller at an inflated price.
This offers investors two options; either to 're-sell' the assignable contract to another buyer and release a short term profit or, to complete the investment with 80% loan to value funding.
The assignable contract covers a total of 240 asylum seekers currently taking care of apartments in various townships and towns in the district.
Further, the lender was granted an assignable contract for the development of communication technologies for the Voyager Project in an amount of not less than $250,000 and an assignable right of first refusal for the subcontracting underground utilities work for the Voyager Project at market rates.
The assignable contract involves procuring the Hardware Infrastructure for Infrastructure Service Bundeswehr and the spoil of the Service Area Components, Components and NIA Backup Area Components in the mobilized Containment Components.
Further, there are assignable contracts in place to acquire the existing debt for a substantially lesser amount than that is reflected in the financial statements.
Under the terms of the transaction, GlobalMedia will pay $500,000 in cash and issue up to 1,697,619 shares to acquire all of OnRadio's assignable contracts for Internet services with terrestrial radio stations.