

[uh-sahyn-muh
nt] Pronunciation Key | 1. | something assigned, as a particular task or duty: She completed the assignment and went on to other jobs. |
| 2. | a position of responsibility, post of duty, or the like, to which one is appointed: He left for his assignment in the Middle East. |
| 3. | an act of assigning; appointment. |
| 4. | Law.
|
Based on the Random House Unabridged Dictionary, © Random House, Inc. 2006.
| as·sign·ment
(ə-sīn'mənt) Pronunciation Key
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.
| assignment | |
noun | |
| 1. | a duty that you are assigned to perform (especially in the armed forces); "hazardous duty" |
| 2. | the instrument by which a claim or right or interest or property is transferred from one person to another |
| 3. | the act of distributing something to designated places or persons; "the first task is the assignment of an address to each datum" |
| 4. | (law) a transfer of property by deed of conveyance [syn: grant] |
| 5. | an undertaking that you have been assigned to do (as by an instructor) |
| 6. | the act of putting a person into a non-elective position; "the appointment had to be approved by the whole committee" [syn: appointment] |
Assignment
1. The transfer of an individual's rights or property to another person or business.
2. A notice received by an option writer stating that the option sold has been exercised by the purchaser of the option.
Investopedia Commentary
1. Essentially, an assignment is the transfer of ownership. An example of an assignment, is when a person sells their 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.
Related Links
Options Basics Tutorial
Understanding Your Mortgage
See also: Call, Exercise, Income, Option, Put, Strike Price, Writer
assignment
- The transfer of a registered security from one owner to another.
Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company.
Main Entry: as·sign·ment
Function: noun
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 assignor with no interest in the property or right transferred
assignment for the benefit of creditors
: assignment of property by a debtor to an assignee to be held in trust and used to pay off the debtor's debts
assignment of income
: an assignment by one taxpayer to another of income for the purpose of avoiding taxes
assignment of lease
: an assignment by a tenant of all of his or her remaining rights in a property under a lease —compare SUBLEASE
effective assignment
: an assignment by which the assignor's interest in the property or right being assigned is terminated and transferred to the assignee
equitable assignment
: an assignment (as of property in which one has a future interest) that is not valid at law but that would be upheld in a court of equity
general assignment
: an assignment for the benefit of creditors of all of a debtor's property to be distributed fairly to the creditors —compare PREFERENCE
wage assignment
: an assignment by an employee by which an amount of his or her wages are transferred to another party (as a creditor) before the wages are paid to the employee —compare GARNISHMENT
assignment programming
Storing the value of an expression in a variable. This is commonly written in the form "v = e". In Algol the assignment operator was ":=" (pronounced "becomes") to avoid mathematicians qualms about writing statements like x = x+1.
Assignment is not allowed in functional languages, where an identifier always has the same value.
See also referential transparency, single assignment, zero assignment.
(1996-08-19)
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. 2. (Law) (a) A transfer of title or interest by writing, as of lease, bond, note, or bill of exchange; a transfer of the whole of some particular estate or interest in lands. (b) The writing by which an interest is transferred. (c) The transfer of the property of a bankrupt to certain persons called assignees, in whom it is vested for the benefit of creditors. Assignment of dower, the setting out by metes and bounds of the widow's thirds or portion in the deceased husband's estate, and allotting it to her. Note: Assignment is also used in law as convertible with specification; assignment of error in proceedings for review being specification of error; and assignment of perjury or fraud in indictment being specifications of perjury or fraud.Copyright © 2008, Dictionary.com, LLC. All rights reserved.











