Transfer

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Transfer

A change of ownership from one person or party to another.

Transfer

1. To sell.

2. To deliver.

3. To change ownership between parties for any reason.

transfer

1. To record a change of ownership in a security on the issuer's books.
2. To deliver a security to the buyer's broker by the seller's broker.
Is it difficult to transfer my brokerage account to a different firm?

Transferring an account to another firm is relatively easy. The first step is to open an account at the new firm. Then sign an account transfer form, which will be provided by the new firm. A representative at the new firm should be able to provide assistance if you encounter any difficulties. The transfer should be completed within two weeks.

George Riles, First Vice President and Resident Manager, Merrill Lynch, Albany, GA

Transfer.

In a transfer, a 401(k) or IRA custodian or trustee moves the assets in your existing account directly to the custodian or trustee of your new account.

With a transfer, you don't risk failing to deposit the full amount of your withdrawal within the 60-day deadline for rollovers. And, in the case of a transfer from a 401(k) or similar retirement savings plan, nothing is withheld for income taxes.

In contrast, if you handle the rollover yourself, your employer must withhold 20% of the account value.

When securities are sent to a transfer agent for reregistration of the ownership name, this process is also known as a transfer.

Securities may be registered in the actual, or beneficial, owner's name, or in the name of a nominee, known as street name. Most stocks that are held by brokerage firms for their clients are registered in nominee name on the transfer agent's books.

References in periodicals archive ?
The first item the board is proposing is elimination of the exception in ASC Subtopic 740-10, Recognition, that prohibits recognizing current and deferred income tax consequences for an intra-entity asset transfer until the asset or assets have been sold to an outside party.
Community asset transfers involve transferring the ownership from Kirklees to a community organisation at less than its full market value in order to further local social, economic and/or environmental objectives.
This framework will support and enable Community Asset Transfer in Northern Ireland.
The council recently agreed its first asset transfer - the Hope Foundation has taken over Brambles Farm Community Centre and will open the doors to local people soon.
Generally, three types of asset transfers qualify as contributions.
The effect of asset transfers on the income statement will depend on how the FASB decides to treat the transfer, which it hasn't done yet.
Thus, asset transfers for securitization that do not involve direct or indirect recourse to the transferring banking organization are treated as sales.
According to the Congressional Budget Office Cost Estimate released on January 27, 2006, the asset transfer provisions will mean that 120,000 or 15% of new Medicaid applicants will be delayed eligibility each year.
That paragraph says the statement does not apply to asset transfers in which the reporting entity acts as an agent, trustee or intermediary rather than as a donor or donee.
According to some analysts, asset transfers cost federal and state governments nearly $2 billion per year in Medicaid expenditures that could have been financed through private long-term care insurance policies.
There is no logical basis for subjecting successive asset transfers to gain recognition agreements while requiring single-step asset transfers to satisfy only the active use test.
However, after having obtained certain approvals and completed certain asset transfers, the issuing entities of some of its recently issued debt have changed.