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In a separate lease assignment, a landlord agrees to pay a creditor through an 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.Within the operation of stocks and options trading, options can be assigned when a buyer decides to exercise their right to buy (or sell) stock at a particular strike price.
Courts issue wage assignments for people late with child or spousal support, taxes, loans, or other obligations.
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For instance, If the writer sold calls then 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 option sells stock (puts stock shares) to the writer in the form of a short-sold position.