assignable contract

DEFINITION of 'Assignable Contract'. A futures contract with a provision permitting the contract holder to convey his or her rights of assignment to a third party. This enables the contract holder to assign the rights and obligations of a contract to another to perform and receive the benefits of that contract before it closes.
Definition of assignable contract: Contract which includes a clause that allows owner to give the rights and obligations to a new owner, who will also receive any benefits under the contract before it closes. Most exchange traded ...
Let's assume you own a futures contract to buy corn at a certain price in the future, and the value of the contract has increased by $10,000 since you bought it. Because futures contracts are often assignable, you can sell the contract to a third party today in return for cash, and the third party then assumes all the rights,
Definition of Assignable Contract in the Financial Dictionary - by Free online English dictionary and encyclopedia. What is Assignable Contract? Meaning of Assignable Contract as a finance term. What does Assignable Contract mean in finance?
Definition of ASSIGNABLE CONTRACT: A contract that allows an owner to give rights or obligations to a new owner. The new owner will also get any benefits before contract close. Exchange trad.
Assignable Contract. Definition. The term assignable contract refers to an agreement that contains a clause allowing the owner of the contract to assign their rights and obligations to another party. Assignable contracts are typically associated with futures markets.
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This Standard Clause reflects the intention of the parties that the agreement is a personal services contract, allowing it to be terminated by the non-debtor counterparty and unassignable by the debtor in bankruptcy. This Standard Clause has integrated notes with important explanations and drafting tips. To access this
Assignable Contract. from A Guide to the Language of the Futures Industry (2014) by U.S. Commodity Futures Trading Commission. A contract that allows the holder to convey his rights to a third party. Exchange-traded contracts are not assignable.
Mortgages and lending contracts are relatively amenable to assignment since the lendor's duties are relatively limited; other contracts which involve personal duties such as legal counsel may not be assignable. The related concept of novation is not assignment. Rather than assigning only the rights to another party,

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