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Other names for the document:
Assignment of shares of stock
Share transfer letter
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Sample letter of relinquishment of shares
Share assignment options
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Share transfer notice letter
Share agreement contract
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What happens if you get assigned?
If you were assigned shares and don't have the money to cover the shares you were assigned (the term for this is a margin call), you will need to buy/sell back the shares ASAP. If you do not, the broker will do it for you before the end of the trading day.
What does getting assigned mean?
An assignment is the transfer of an individual's rights or property to another person or business. For investors and traders the most prominent example occurs when an option contract is assigned, the option writer has an obligation to complete the requirements of the contract.
How do I assign a stock certificate?
Take your stock certificates to your financial institution. Sign your name on the back of the stock certificates exactly as it is appears on the front. Enter the name of your brokerage firm in the “Assign to” field, which ensures that only your broker can negotiate the certificates.
Is an assignment a transfer?
Assignment involves the transfer of an interest or benefit from one person to another. However the 'burden', or obligations, under a contract cannot be transferred.