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 ?
We are very excited to welcome Linda to the Onyx team," said Jennifer Hodges, President and Managing Partner of Onyx Stock Transfer.
Opposing a motion in favour of transfers, Colin Meech of Unison launched an attack on stock transfer organisations and said many union members are in low paid employment and live in social housing.
The holdings in these cases emphasize the importance of diligent attendance to documenting corporate governance and the underlying stock transfers.
We suggest that five years is adequate to vindicate section 367's tax policy; such an approach would be consistent with the proposed rule for stock transfers to non-CFCs under Prop.
NEW YORK -- The Bank of New York, a global leader in securities servicing, announced today that its Stock Transfer Division has been rated the top domestic transfer agent in the large agent category for the third year in a row, according to an independent survey conducted by Group Five, Inc.
However, with respect to the stock transfer rules, the IRS should have eliminated the interest charge provisions in order to make their expanded scope more palatable.
The current rules governing outbound stock transfers do not apply to the transfer of stock in a foreign corporation pursuant to a reorganization described in section 368 if that foreign corporation is a party to the reorganization (within the meaning of section 368(b)).
Stock Transfer Corporation (USST) as their stock transfer agent effective November 1, 1999.
ePresence's Board of Directors has set June 14, 2004 as the record date for determining stockholders entitled to receive the initial distribution of available assets and all future distributions and as the final date for the recording of stock transfers.
AST's services include stock transfers and dividend disbursements, distribution of annual meeting information and management of proxy voting.