Assignment

The transfer of a contract or a right to buy property at given rates and terms from a mortgagee to another person.

A transfer to another of any property, real or personal, or of any rights or estates in said property.

Assignment occurs when someone who has written, or sold, a listed option receives a notice that the option has been exercised and he or she must fulfill the terms of the contract by buying the underlying instrument if the option was a put or selling the underlying instrument if the option was a call.

Making the assignment is a two-step process. When an option listed on a US exchange is exercised, the Options Clearing Corporation (OCC) notifies a member broker-dealer firm with clients who have sold options in that series that one of those clients must meet the obligation to buy or sell. The firm, in turn, selects an individual client following its particular methodology, such as chronological order of sale or random choice.

As the writer of an in-the-money option, you should expect assignment, unless you close out your position with an offsetting contract. However, there is no guarantee that you will realize a profit or avoid a loss.

Assignment also means transferring property you own, such as stock and real estate, to someone else by using the document that's appropriate to the type of property. Similarly, property of a financially troubled entity can be assigned, or transferred, to a creditor and sold to offset losses.

Your signed authorization to your doctor or hospital (medical provider) assigning payment to be made directly to them for your medical treatment.

The transfer to another person of an interest in any property, real or personal.

a transfer of ownership of a patent application or patent from one entity to another. Record all assignments with the USPTO Assignment Services Division to maintain clear title to pending patent applications and patents.

-- read more about Patent Assignments -- see Assign a Patent Application or Patent -- see Search Patent Assignments online

A transfer by a party (the assignor) of all or part of its right, title and interest in a patent or patent application to another party (the assignee). In this regard, patents have the attributes of personal property. MPEP 301.

An "operator" whose assigned mission in life is to change the value of a "variable".

For NS/EP, the designation of priority level(s).