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Transferee

   Also found in: Dictionary/thesaurus, Medical, Legal, Acronyms, Encyclopedia, Wikipedia 0.01 sec.
Transferee
The party who has received the benefits of a letter of credit by action of a transfer.

Transferee
The person or organization to whom a transfer of funds or assets is made. For example, if Joe writes a check to Bob, Bob is the transferee because he receives the stated amount of money from Joe's bank account. See also: Payee.


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That election would allow the partnership to increase the basis of its assets for the benefit of the transferee partner under Sec.
Naturally, the transferee must agree to pay the transferor a certain amount of money in exchange for receiving the right to collect on these accounts receivable.
The Eighth Circuit has applied the limitations period of the transferor court; the Fourth, Seventh, and Eleventh circuits have used that of the transferee court; and the Second, Fifth, and Sixth circuits have done both.
 
 
 
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