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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.

West's Encyclopedia of American Law, edition 2. Copyright 2008 The Gale Group, Inc. All rights reserved.


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)

Copyright © 1981-2005 by Gerald N. Hill and Kathleen T. Hill. All Right reserved.


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.
Collins Dictionary of Law © W.J. Stewart, 2006

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.

A Law Dictionary, Adapted to the Constitution and Laws of the United States. By John Bouvier. Published 1856.
References in periodicals archive ?
Moreover we compute the option prices in one Table, plot one figure including two subfigures, i.e., the early exercise boundaries (left), NCIMs errors versus L (right) in the sense of [L.sup.2]-norm, for the given volatility model.
There are several explanations other than private information for the early exercise of these options along with sale of the stock.
Having established that the early exercise provision has value when [beta] > [alpha], Samuelson then proves that the correct formula for an American call option or warrant will satisfy his partial differential equation subject to the boundary conditions: (i) W(O; T, a) = 0; (ii) W(X; 0, a) = Max [0, X- a]; (iii) W([C.sub.T]; T, a) = [C.sub.T] - a; (iv) [W.sub.x] ([C.sub.T]; T, a) = 1, which he calls the "high-contact" condition.
Maberly, 1992, "Early Exercise of American Index Options", Journal of Financial Research, 15:127-137
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.
Put another way, unlike cash, the value to executives of equity-pay is generally less than the expected cost of that equity to shareholders, which is approximately the market value of that equity (with a downward adjustment for early exercise in the case of options), since that is its economic (or "opportunity") cost.
Steve Dawson, president and CEO, added: "The capital raised by the early exercise of the warrants will allow us to accelerate and extend our market activities.
Option theory suggests that early exercise of an option always costs the holder because they immediately lose the time value of the option.
In the facts of the letter, the individual had exercised his ISOs early, believing that the early exercise and the Sec.
Northrop Grumman's Electronic Sensors and Systems Sector (ES3) and the US Federal Aviation Administration (FAA) have agreed terms for the early exercise of a contract option to begin production of a new weather radar detection capability in Northrop Grumman's ASR-9 airport surveillance radar.

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