assign investment & finance definition
To
transfer ownership from one party to another by signing a contract. The assignor gives up ownership and the assignee becomes the owner.
See assign in Wall Street Words
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.
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