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Book Transfer

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Book Transfer
A change in ownership, especially of a security, that does not result in a change of location. For example, a stock may be sold between two clients of the same brokerage. In such a case, the stock certificate is unlikely to move at all.
book transfer
Transfer of ownership without physical movement of the item whose ownership is being changed. For example, ownership of a bond is generally transferred without movement of the actual bond certificate.
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White House Deputy Chief of Staff Joe Hagin reportedly dumped copies of Flynn's book Transfer of Power onto the desk in the White House Situation Room shortly after 9/11, telling subordinates to figure out what happens "if the s--t really hits the fan.
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Types of Transfers Several types of book transfers are available.
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