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GLOSSARY: Enter search term:
Browse dictionary by letter: A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Glossary Term: ASSIGNMENT

Definition(s) for ASSIGNMENT:


1. ) The receipt of an exercise notice by an option writer (seller) that obligates him to sell (in the case of a call) or purchase (in the case of a put) the underlying security at the specified strike price.

2. ) The receipt of an exercise notice by an option writer (seller) that obligates him to sell (in the case of a call) or purchase (in the case of a put) the underlying security at the specified strike price.

3. ) Notification by The Options Clearing Corporation to a clearing member that an owner of an option has exercised his or her rights there under. For equity and index options, assignments are made on a random basis by The Options Clearing Corporation. See also Delivery and Exercise

4. ) The sale of a lease agreement and transfer of the ownership rights for the leased vehicle from the lessor to an assignee. Many leases are assigned at the time the lease is signed.


See Also:
ASSIGNMENT OF SELLER'S INTEREST IN LAND CONTRACT, EARLY EXERCISE (ASSIGNMENT), SWAP ASSIGNMENT, EARLY EXERCISE (ASSIGNMENT)


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