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 ?
Assignable contracts in place, solid revenue trending for the last few years.
5% of the bundled assignable contracts in our sample include at least one definition of a bundle that does not use an entity, and 6.
Suppose first that contracts are assignable, and suppose that contract prices under assignable contracts are the same as above.
First, suppose that contracts are assignable, and suppose that contract prices under assignable contracts are the same as above.
To provide an effective guarantee to the counterparty in a freely assignable contract, as we have seen, Patriot would not only need to promise that it remains residually liable on the contract, but Patriot would also need to make a credible promise to retain enough assets to make good on the counterparty's claim if the assignee breaches.
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.