- assign
- To make an option seller perform his obligation to assume a short futures position (as a seller of a call option) or a long futures position (as a seller of a put option). Chicago Board of Trade glossary
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assign as‧sign [əˈsaɪn] verb [transitive]1. to give someone a particular job or task, or send them to work in a particular place or for a particular person:assign something to somebody• His duties have now been assigned to the deputy chairman.
assign somebody to something• She was assigned to the US Embassy in Moscow.
assign somebody to do something• He was assigned to work in a Chicago bank.
2. to give a particular amount of time, money, or resources to something:• How much time have you assigned for the meeting?
3. to decide that something has a particular value or is of a particular quality:• the difficulty of assigning a value to an hour of housework
• The group has been assigned a triple A rating by Standard and Poor's.
4. LAW to give something such as property to another person formally, by contract:— assignor noun [countable] :• The assignor of the lease is released from future liability under this lease.
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To transfer ownership to another party. It usually involves signing a document. In derivatives markets assignment refers to the act of exercising an option.* * *
assign UK US /əˈsaɪn/ verb [T]► to give a particular job or piece of work to someone: assign tasks/responsibilities/objectives, etc. (to sb) »The document outlines how the organization will be run and how research tasks will be assigned.
assign sb to do sth »They assigned him to analyse computer records to look for signs of fraud.
► HR to send someone to work in a particular place or do a particular job: assign sb to sth »Each individual was assigned to a team representing a major stakeholder.
be assigned to sth »I've been assigned to the finance department on a temporary basis.
»Over the past decade, the organization has doubled its number of managers assigned abroad.
► to give something, for example a particular amount of time or money, for a particular purpose: assign sth to sth »They assigned a large sum of money to research and development.
»Locals are frustrated that of the $110bn assigned by Congress in relief aid, only $53bn has actually been spent.
assign sth to sb »Each employee will be assigned an individual work area, with a desk and shelving.
► FINANCE to decide that something has a particular value or level: assign sth to sth »Because most of the companies in which the fund has invested are private, the fund's managers have had to assign them a market value.
»Buyers are being trained to use a spreadsheet to assign a cost to every step of completing a sale.
► FINANCE, LAW to give your rights to a property, etc. to someone else, either by selling them or preparing a legal document as an agreement: »Assigning ownership rights to employees can help keep certain costs down.
► IT if a computer, website, etc. assigns something, it gives a value to it so that a connection can be made between the data and the user: »Internet Service Providers automatically assign IP addresses to their customers.
Financial and business terms. 2012.
