assignment

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Assignment

A transfer of rights in real property or Personal Property to another that gives the recipient—the transferee—the rights that the owner or holder of the property—the transferor—had prior to the transfer.

An assignment of wages is the transfer of the right to collect wages from the wage earner to his or her creditor. Statutes regulate the extent to which an assignment may be made.

assignment

n. the act of transferring an interest in property or a some right (such as contract benefits) to another. It is used commonly by lawyers, accountants, business people, title companies and others dealing with property. (See: assign)

assignment

(Allotment), noun allocation, allowance, apportionment, appropriation, assignation, dispensation, distribution, division, partition, portion
Associated concepts: assignment of choses in action

assignment

(Designation), noun appointment, commission, delegation, deputation, mandate, nomination, placing in office, prescription, selection, specification, stipulation
Associated concepts: assignment of error

assignment

(Task), noun business, charge, chore, commission, duty, function, mission, part, pursuit, role, stint, work

assignment

(Transfer of ownership), noun alienation, assignation, cession, conferment, consignation, consignment, conveyance, delivery, demise, devolvement, disposition, distribution, grant, impropriation, mutual transfer, relegation, transfer, transference, transmission, transmittal
Associated concepts: assignment by operation of law, assignment for the benefit of creditors, assignment for value, assignment of a cause of action, assignment of a chose in action, assignment of an account, assignment of claim, assignment of dower, assignment of lease, assignment of rents and profits, assignment of wages, consignment, gennral assignment, lease, license, partial assignment, promise to make assignment, voluntary assignment
Foreign phrases: Assignatus utitur jure auctoris.An assignee is clothed with the right of his principal.
See also: activity, agency, alienation, allotment, appointment, apportionment, arrogation, assignation, attribution, blame, burden, cession, charge, choice, citation, classification, commitment, consignment, conveyance, deed, department, deputation, designation, devolution, dispensation, disposition, distribution, duty, employment, function, job, labor, mission, nomination, obligation, occupation, position, project, province, quota, ration, reference, responsibility, role, selection, specification, trade, work

assignment

1 the transfer of property, especially terms of leases, CHATTELS personal and CHOSE IN ACTION. Assignments may be legal or equitable. Legal assignments of terms of years must be by deed (even where the creation of the right assigned did not require a deed, as, for example, in the case of a lease of not more than three years); equitable assignments need not be by deed but must usually be in writing. Legal assignments of choses in action do not, as a rule, require to be by deed. In the case of life and marine insurance policies, notice of assignment must be given to the company. For Scotland, see ASSIGNATION.
2 in Australia, a system (1789-1841) whereby a convict could become the unpaid servant of a freeman.

ASSIGNMENT, contracts. In common parlance this word signifies the transfer of all kinds of property, real, personal, and mixed, and whether the same be in possession or in action; as, a general assignment. In a more technical sense it Is usually applied to the transfer of a term for years; but it is more properly used to signify a transfer of some particular estate or interest in lands.
     2. The proper technical words of an assignment are, assign, transfer, and set over; but the words grant, bargain, and sell, or any other words which will show the intent of the parties to make a complete transfer, will amount to an assignment.
     3. A chose in action cannot be assigned at law, though it may be done in equity; but the assignee takes it subject to all the equity to which it was liable in the hands of the original party. 2 John. Ch. Rep. 443, and the cases there cited. 2 Wash. Rep. 233.
     4. The deed by which an assignment is made,, is also called an assignment. Vide, generally, Com. Dig. h.t.; Bac. Ab. h.t. Vin. Ab. h.t.; Nelson's Ab. h.t.; Civ. Code of Louis. art. 2612. In relation to general assignments, see Angell on Assignments, passim; 1 Hate & Wall. Sel. Dec. 78- 85.
     5. By an assignment of a right all the accessories which belong to it, will pass with it as, if the assignor of a bond had collateral security, or a lien on property, the collateral security and the lien will pass with the assignment of the bond. 2 Penn. 361; 3 Bibb, 291; 4 B. Munroe, 529; 2 Drev. n. 218; 1 P. St. R. 454. 6. The assignment of a thing also carries with it all that belongs to it by right of accession; if, therefore, the thing produce interest or rent, the interest or the arrearages of the rent since the assignment, will belong to the assignee. 7 John. Cas. 90 6 Pick. 360.

References in periodicals archive ?
The frequent occurrence of early exercise of stock options is well documented in the literature.
37) If you purchased a stock through the early exercise of an option (i.
C[pounds sterling]Solidere InternationalCOs early exercise and commitment to invest in and jointly develop these projects with Sodic reflects our absolute confidence in these projects as well as the Egyptian market,C[yen] stated Mounib Hammoud, chief operating officer of Solidere International.
He eventually converted to vegetarianism and became an early exercise junky, vigorously riding on a rocking horse when it was too wet to walk outside.
Kate, who lives in Gosforth with James, her 22-month-old son, is eager to explain the advantages of any early exercise plan to parents.
123(R) and found a lattice model to be substantially more flexible than a Black-Scholes model, especially with respect to restricted employee stock option nuances such as vesting, early exercise and blackout periods.
However, the binomial lattice is gaining popularity among pricing experts because of its superior ability to account for unique factors of employee stock options, such as vesting periods and early exercise of options.
This early exercise in propaganda had the required effect of winding up the British troops, and personalising the conflict.
Wayne McIlwraith and Roger Smith, who are part of a four-nation link-up known as the Global Equine Research Alliance, both highlighted work that strongly suggests early exercise may make skeletal tissue more resistant to injury in a horse's later life.
In the facts of the letter, the individual had exercised his ISOs early, believing that the early exercise and the Sec.
Their findings suggest that the divergence between the value and cost of options explains or provides insight into virtually every major issue regarding stock option practice, including: executive views about Black-Scholes measures of options; tradeoffs between options, stock, and cash; exercise price policies; connections between the pay-setting process and exercise price policies; institutional investor views regarding options and restricted stock; option repricings; early exercise policies and decisions; and the length of vesting periods.

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