Assignable Contract

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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 ?
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.
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.
ITS purchased all the necessary assets, assignable contracts, and intellectual properties to support all existing and future project endeavors.