Assignment Of Benefits Definition Economics

What is an 'Assignment'

An assignment is the transfer of an individual's rights or property to another person or business. For example, when an option contract is assigned, an option writer has an obligation to complete the requirements of the option contract. If the option was a call, the writer would have to sell, the underlying security at the stated strike price. If it was a put, the writer would have to buy the underlying security at the stated strike price.

BREAKING DOWN 'Assignment'

Assignment means transferring some or all property rights and obligations to another person through a written agreement. For example, a payee assigns rights for collecting note payments to a bank. A trademark owner transfers, gives or sells another person interest in the trademark. To be effective, an assignment must contain parties with legal capacity, consideration, consent and legality of object.

Examples of Assignment

For options assignment, the writer (seller) of the option will have the obligation to sell (if a call option) or buy (if a put option) the designated number of shares of stock at the agreed price (strike price). For instance, If the writer sold calls, he/she would be obligated to sell stock and the process is often referred to as having the stock called away. For puts, the buyer of the options sell their stock (puts their stock) to the writer.

A wage assignment is a forced payment of an obligation by automatic withholding from an employee’s pay. Courts issue wage assignments for people late with child or spousal support, taxes, loans or other obligations. Money is automatically subtracted from a worker's paycheck without consent if the obligor has a history of nonpayment. For example, a person delinquent on $100 monthly loan payments has a wage assignment deducting the money from his paycheck weekly or monthly and sent to the lender. Wage assignments are helpful in paying back long-term debts.

A mortgage assignment is where a mortgage deed gives a lender interest in a mortgaged property in return for payments received. Lenders often sell mortgages to third parties, such as other lenders. A mortgage assignment document clarifies the assignment of contract and instructs the borrower in making future mortgage payments and potentially modifying the mortgage terms. A mortgage assignment is beneficial for a seller with a home on the market long term and for a buyer not wanting to secure a bank loan. Many real estate companies facilitate mortgage assignments in this situation.

A lease assignment benefits a relocating tenant wanting to end a lease early or a landlord looking for rent payments to pay creditors. Once the new tenant signs the lease taking over responsibility for rent payments and other obligations, the previous tenant is released from those responsibilities. In a separate lease assignment, a landlord agrees to pay a creditor through assignment of rent due under rental property leases. The agreement is used to pay a mortgage lender if the landlord defaults on the loan or files bankruptcy. Any rental income is paid directly to the lender.

The partial assignment of benefits within an object (maintenance, reason, window, curtain cleaning, blowdown) is not possible.

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The Commission and the courts have long recognized that cost allocation, often referred to as ratemaking, is not a precise science, yet attempts to impose precision on the calculation and assignment of benefits of new transmission have created substantial obstacles to its construction, particularly in the case of EHV projects, the benefits of which extend beyond a single planning region.

Stakeholders Urge FERC to Recognize the Broad Benefits Transmission Provides

The assignment of benefits under Annex 12 of the HOAI 2009 is optional for the performance phase (Stage of) 1-3 complete the work phases 4 and 7, and partly for the work phases 5-6.

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Pursuant to the terms of the agreement, Caremark continues to act as the Preferred National Assignment of Benefits Specialty Pharmacy for MedImmune's Synagis(R) (palivizumab) product approved in 1998 for the prevention of serious lower respiratory tract disease caused by respiratory syncytial virus (RSV) in high risk pediatric patients.

Caremark Announces Extended Agreement with MedImmune, Inc

Our customer-focused Assignment of Benefits Program will provide physicians, their office staffs and patients with a dedicated team of pharmacists, reimbursement specialists and support personnel to make ordering, receiving and infusing this new drug as convenient as possible.

Nova Factor To Deliver Centocor's New Drug For Crohn's Disease

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