Designation Meaning In Law

Designation by a clearing organization of an option writer who will be required to buy in the case of a put or sell in the case of a call the underlying futures contract or security when an option has been exercised especially if it has been exercised early.

Designation meaning in law. Naming noun appellation approval assigning assignment authorization categorization choosing commissioning delegating delegation. Designation of minors or specified young age groups but not adults who have been. Designation of record is what the writer of the will or trust creates to submit to the court so that the court knows and understands who is in full control of the contract and the individual s estates and assets after they have passed.

Designation from latin designatio is the process of determining an incumbent s successor. Commodity futures trading commission. For example a legacy to.

Designation synonyms designation pronunciation designation translation english dictionary definition of designation. The eldest son of such a person would be a designation of the legatee. A marking or pointing out.

A distinguishing name or title. The act of designating. The expression used by a testator instead of the name of the person or the thing he is desirous to name.

Designation is the term used to describe ownership one has over something. Consultation or advice of a legal medical or any other professional. A candidate that won an election for example is the designated holder of the office the candidate has been elected to up until the candidate s inauguration titles typically held by such persons include amongst others president elect and prime minister designate.