Assignment

Business / Taxes / 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.

Other Words for Assignment

Assignment Noun Synonyms: allotment, allocation, apportionment, giving (out), distribution
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Variable Assignment

Technology / Programming / Variable Assignment: Variable assignment is the assignment of a value to a variable. For instance: int val:, val = 5:, // assign to val the value 5 before a value is assigned, the variable is null, which means it has no v MORE

Reassignment

Business / Human Resources (HR) / Reassignment: Transferring individuals to alternative positions where their talents or skills may be best utilized to their own or the organization’s benefit or where they are better able to perform the job in ac MORE

Deed Of Trust And Assignment Of Rents

Business / Real Estate / Deed Of Trust And Assignment Of Rents: The first page of a lending instrument, identifies the parties to the agreement, conveys title to the trustee, describes the collateral, states the terms and conditions of the note, and refers to prev MORE

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