[uh-sahyn] Pronunciation Key | 1. | to give or allocate; allot: to assign rooms at a hotel. |
| 2. | to give out or announce as a task: to assign homework. |
| 3. | to appoint, as to a post or duty: to assign one to guard duty. |
| 4. | to designate; name; specify: to assign a day for a meeting. |
| 5. | to ascribe; attribute; bring forward: to assign a cause. |
| 6. | Law. to transfer: to assign a contract. |
| 7. | Military. to place permanently on duty with a unit or under a commander. |
| 8. | Law. to transfer property, esp. in trust or for the benefit of creditors. |
| 9. | Usually, assigns. Law. a person to whom the property or interest of another is or may be transferred; assignee: my heirs and assigns. |
—Related forms
Based on the Random House Unabridged Dictionary, © Random House, Inc. 2006.
| as·sign
(ə-sīn') Pronunciation Key
tr.v. as·signed, as·sign·ing, as·signs
n. Law An assignee. [Middle English assignen, from Old French assigner, from Latin assignāre : ad-, ad- + signāre, to mark (from signum, sign; see sekw-1 in Indo-European roots).] as·sign'a·bil'i·ty n., as·sign'a·ble adj., as·sign'a·bly adv., as·sign'er n. |
The American Heritage® Dictionary of the English Language, Fourth Edition
Copyright © 2006 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
assign
| assign | |
verb | |
| 1. | give an assignment to (a person) to a post, or assign a task to (a person) [syn: delegate] |
| 2. | give out; "We were assigned new uniforms" |
| 3. | attribute or credit to; "We attributed this quotation to Shakespeare"; "People impute great cleverness to cats" [syn: impute] |
| 4. | select something or someone for a specific purpose; "The teacher assigned him to lead his classmates in the exercise" |
| 5. | attribute or give; "She put too much emphasis on her the last statement"; "He put all his efforts into this job"; "The teacher put an interesting twist to the interpretation of the story" [syn: put] |
| 6. | make undue claims to having [syn: arrogate] |
| 7. | transfer one's right to |
| 8. | decide as to where something belongs in a scheme; "The biologist assigned the mushroom to the proper class" |
Assign
The act of clearing houses and brokerages selecting short option and future contract holders to deliver underlying securities or commodities of maturing or exercised/tendered contracts.
Investopedia Commentary
Not all contracts will typically be exercised or tendered, and those that are need to be settled with delivery of the underlying security/commodity. Most often clearing houses will randomly allocate assigned contracts to brokerages who in turn randomly select which of their clients will assigned.
Related Links
Options Basics Tutorial
Futures Fundamentals
See also: Assignment, Broker, Clearing House, Commodity, Exercise, Futures Contract, Option, Underlying
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.
Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company.
Main Entry: 1as·sign
Pronunciation: &-'sIn
Function: transitive verb
1 : to transfer (property or rights) to another
2 : to appoint to a post or duty <assigned to represent the defendant>
3 : to fix or specify in relationship or correspondence
Main Entry: 2assign
Function: noun
: ASSIGNEE
Assign
As*sign"\, v. t. [imp. & p. p. Assigned; p. pr. & vb. n. Assigning.] [OE. assignen, asignen, F. assigner, fr. L. assignare; ad + signare to mark, mark out, designate, signum mark, sign. See Sign.]1. To appoint; to allot; to apportion; to make over. In the order I assign to them. --Loudon. The man who could feel thus was worthy of a better station than that in which his lot had been assigned. --Southey. He assigned to his men their several posts. --Prescott. 2. To fix, specify, select, or designate; to point out authoritatively or exactly; as, to assign a limit; to assign counsel for a prisoner; to assign a day for trial. All as the dwarf the way to her assigned. --Spenser. It is not easy to assign a period more eventful. --De Quincey. 3. (Law) To transfer, or make over to another, esp. to transfer to, and vest in, certain persons, called assignees, for the benefit of creditors. To assign dower, to set out by metes and bounds the widow's share or portion in an estate. --Kent.Assign
As*sign"\, n. [From Assign, v.] A thing pertaining or belonging to something else; an appurtenance. [Obs.] Six French rapiers and poniards, with their assigns, as girdles, hangers, and so. --Shak.Assign
As*sign"\, n. [See Assignee.] (Law) A person to whom property or an interest is transferred; as, a deed to a man and his heirs and assigns.ASsign
AS*sign"\, v. i. (Law) To transfer or pass over property to another, whether for the benefit of the assignee or of the assignor's creditors, or in furtherance of some trust.Copyright © 2008, Dictionary.com, LLC. All rights reserved.













