2. A notice received by an option writer stating that the option sold has been exercised by the purchaser of the option.
1. Essentially, an assignment is the transfer of ownership. An example of an assignment is when a person sells his or her car, thereby transferring the title to another.
2. When assigned, the option writer has an obligation to complete the requirements of the option contract. If the option was a call (put) option, then the writer would have to sell (buy) the underlying security at the stated strike price.
Investment dictionary. Academic. 2012.
Look at other dictionaries:
assignment — as·sign·ment n 1: the act of assigning 2 a: a position, post, or office to which one is assigned b: a task assigned 3: a present transfer of property or rights absolute assignment: an assignment in which the transfer is complete and leaves the… … Law dictionary
Assignment — As*sign ment, n. [LL. assignamentum: cf. OF. assenement.] 1. An allotting or an appointment to a particular person or use; or for a particular time, as of a cause or causes in court. [1913 Webster] 2. (Law) (a) A transfer of title or interest by… … The Collaborative International Dictionary of English
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assignment — assignment, assignation An assignment is an allocation, and in law a legal transfer of a right or property, or the document that effects the transfer. It is also a task or piece of work allotted to a person, in this meaning originating in AmE.… … Modern English usage
assignment — [n1] responsibility, task appointment, beat, charge, chore, commission, drill, duty, homework, job, mission, position, post, practice, stint; concept 362 assignment [n2] selecting or setting apart allocation, allotment, appointment, apportionment … New thesaurus
Assignment K — is a 1968 British thriller film directed by Val Guest, and starring Stephen Boyd, Camilla Sparv, Michael Redgrave and Leo McKern. A British spy has his cover blown, leading to the East German Stasi kidnapping his girlfriend in order to try and… … Wikipedia
assignment — *task, duty, job, stint, chore … New Dictionary of Synonyms
assignment — ► NOUN 1) a task allocated to someone as part of a job or course of study. 2) the action of assigning … English terms dictionary
assignment — [ə sīn′mənt] n. 1. an assigning or being assigned; appointment; allotment 2. anything assigned or allotted, as a lesson, task, etc. 3. Law a) a transfer of a claim, right, property, etc. b) an instrument, as a deed, authorizing this SYN. TASK … English World dictionary
assignment — n. task mission 1) to give smb. an assignment 2) to carry out an assignment (the ambassador carried out her assignment brilliantly) 3) a dangerous; difficult, rough, tough; easy assignment 4) an overseas; rush; special assignment 5) an assignment … Combinatory dictionary
assignment — Options are exercised through the option purchaser s broker, who notifies the clearinghouse of the option s exercise. The clearinghouse then notifies the option seller that the buyer has exercised. When futures options are exercised, the buyer of … Financial and business terms