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Define assigns

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From: Kendall E.
Added: 30.03.2021
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To assign in the short options and futures contract markets means to match counterparties. The process is random and carried out by clearinghouses and brokerages. Once the assignment is made, the underlying securities or commodities are delivered to the holders of maturing or exercised contracts. Broadly speaking, to assign is to transfer the rights or property from one person or business to another. An assignment can be any transfer of any sort of rights.
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assign - Wiktionary

Individuals to whom property is, will, or may be transferred by conveyance, will , Descent and Distribution , or statute; assignees. The term assigns is often found in deeds; for example, "heirs, administrators, and assigns to denote the assignable nature of the interest or right created. Those to whom rights have been transmitted by particular title, such as sale, gift, legacy, transfer, or cession. Vide Ham. Paities, ; Lofft. These words, and also the word forever, are commonly added to the word heirs in deeds conveying a fee simple, heirs and assigns forever "but they are in such cases inoperative.
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To select for a duty or office; appoint: firefighters assigned to the city's industrial park. See Synonyms at appoint. To set apart for a particular purpose or place in a particular category; designate: assigned the new species to an existing genus. See Synonyms at allocate. To give out as a task; allot: assigned homework to the class.
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See: assign. One to whom an assignment has been made. Assignees are either assignees in fact or assignees in law. An assignee in fact is one to whom an assignment has been made in fact by the party having the right. An assignee in law is one in whom the law vest's the right, as an executor or administrator.
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