assign

(redirected from assignability)
Also found in: Dictionary, Thesaurus, Legal, Idioms, Encyclopedia.
Related to assignability: assignor

Assign

In futures and options, to select, usually at random, a client with a short position to make delivery on a contract. That is, a clearing house randomly assigns a brokerage with a short position on a futures contract or option to make delivery of the underlying asset to one of the clearing house's clients with a long position on the same contract. When a brokerage is assigned to make a delivery, it also randomly assigns a client with a short position to make the delivery to the brokerage.

assign

To decide which writer of an option or futures contract (the party that is short the security) will be required to perform the terms of the contract. Clearing corporations and brokerage companies usually assign this responsibility in a random manner when the holders of the contracts ask for delivery of the asset specified in the contract.

assign

To transfer one's property rights or contract rights to another.In the context of real property,an assignment is commonly used in three circumstances:(1) An investor signs a contract to purchase real property and reserves the right to assign that contract to some business entity to be created in the future, but still owned or controlled by the same investor. (2) An investor wishes to purchase property anonymously because of fears the owner will increase the asking price if he or she knew the identity of the true purchaser.As a result,the investor employs a straw man to sign the purchase contract,and the contract is then assigned to the ultimate purchaser.(3) A speculative purchaser of condominium units or other property to be built in the future will sign a purchase contract for a fixed price,in the expectation that prices will increase dramatically by the time construction is completed. At that time the speculator may then assign their (below-market price) contract to another for a substantial profit.

References in periodicals archive ?
Part II explores the concept of bundled assignability, discussing first the ways in which bundled assignability is facilitated by current legal doctrine through the relationship between contract assignability and legal entities, followed by an intuitive sketch of our own theory of the economic efficiencies offered by bundled assignability.
An important consequence of this analysis is that unmarked word order and the assignability of maximal focus cannot be equated with base word order any more or taken to indicate that an element has not left (i.
Let that be a little tease because this article focuses on the assignability of intellectual property licenses
Assignability'--or the capacity to be assumed by third parties--has been discussed in several recent cases, and Brennan J has indicated that 'the want of assignability of a right is a factor tending against the characterization of a right as property'.
On the other hand, tiffs case did not clarify the assignability of contingent fees (income that was not fixed and definite) to another taxpayer.
Deep into the nineteenth century, the common law greatly restricted the assignability of choses in action.
section] 407(a) (1988) (preventing assignability of future social security benefits).
European Structured Finance Update: New Law Impacts Assignments of Receivables in the Netherlands, German Court Decision May Impact Assignability of Loan Claims & More
15) The availability of viatication as an option to terminally ill group life policy holders will depend upon restrictions built into the policy, such as assignability and contestability clauses.
The assignability of a lease is critical, and if not properly addressed might render a business basically unsalable.
And we will also be showing two 32-fader System 5B consoles targeted specifically at O&Os, affiliates, local-news stations and other operations that do not have space in the control room for a large control surface," Hansen concludes, "but who need the assignability and centralized command options offered by our unique topology.