Assignment

(redirected from assignments)
Also found in: Dictionary, Thesaurus, Medical, Legal, Encyclopedia.

Assignment

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.

Assignment

A sale or gift, especially of a contract or an obligation. While assigning contracts is common, not all contracts are transferable. See also: Assignor.

assignment

The transfer of a registered security from one owner to another.

Assignment.

Assignment occurs when someone who has written, or sold, a listed option receives a notice that the option has been exercised and he or she must fulfill the terms of the contract by buying the underlying instrument if the option was a put or selling the underlying instrument if the option was a call.

Making the assignment is a two-step process. When an option listed on a US exchange is exercised, the Options Clearing Corporation (OCC) notifies a member broker-dealer firm with clients who have sold options in that series that one of those clients must meet the obligation to buy or sell. The firm, in turn, selects an individual client following its particular methodology, such as chronological order of sale or random choice.

As the writer of an in-the-money option, you should expect assignment, unless you close out your position with an offsetting contract. However, there is no guarantee that you will realize a profit or avoid a loss.

Assignment also means transferring property you own, such as stock and real estate, to someone else by using the document that's appropriate to the type of property. Similarly, property of a financially troubled entity can be assigned, or transferred, to a creditor and sold to offset losses.

Assignment

The transfer of ownership, rights, or interests in property by one person, the assignor, to another, the assignee.

References in periodicals archive ?
At the time, her limited international experience and foreign language skills did not whet the appetites of corporations scouting candidates for international assignments.
The option assignments have the MLB, DTs, and DEs assuming dive responsibility, the OLBs assuming QB responsibility, and the safeties having pitch responsibility.
The foreign area officer assignments branch then checks individual officer files for the right match for the skills required, ensuring a match of capabilities to requirements.
Jacobson also made an effort to integrate content from students' other courses into her assignments and lectures.
In nonphysical injury cases, structured settlements, paired with nonqualified assignments, may provide plaintiffs with payment security and tax deferral resulting from periodic payments.
A colleague was recently asked by an MBA student, who works full time, if she knew anyone who did assignments for a fee.
It is important to understand officer assignments are a component of the Air Force's complex talent management system.
Academic assignments and tests often involve a series of tasks or problems that can be ordered in a variety of ways.
Librarians should encourage students to make connections between resources and techniques learned during a specific library session and ways these can be applied to other assignments or other courses.
However, due to unexpected events at the publishing company (mostly personnel turnover), Mitchell's services were retained for a series of separate assignments, each lasting less than one year, until the assignments ended in 1996.
Not only that, she continued to work at interesting companies on challenging assignments with high-level people.
THE NEED FOR RECORDED ASSIGNMENTS SLOWS down the secondary market process and costs mortgage bankers time and money.