Assign

Dictionary Says

Definition of 'Assign'

The act of clearing houses and brokerages selecting short option and future contract holders to deliver underlying securities or commodities of maturing or exercised/tendered contracts.
Investopedia Says

Investopedia explains 'Assign'

Not all contracts will typically be exercised or tendered; those that are need to be settled with delivery of the underlying security/commodity. Most often, clearing houses will randomly allocate assigned contracts to brokerages that, in turn, randomly select which of their clients will be assigned.

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Related Definitions

  1. Assignment

    1. The transfer ...
  2. Broker

    1. An individual ...
  3. Clearing House

    An agency or ...
  4. Commodity

    1. A basic good ...
  5. Exercise

    To put into ...
  6. Futures Contract

    A contractual ...
  7. Option

    A financial ...
  8. Underlying

    1. In ...
  9. Volatility

    1. A statistical ...
  10. Risk Capital

    Investment funds ...

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