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 ?
transferor would recognize under the gain deferral method or could defer the recognition of the built-in gain.
In general, it is a transfer to a person two or more generations younger than the transferor (called a "skip person"; see Q 953 regarding generation assignments), and can take any one of three forms: (1) a taxable distribution, (2) a taxable termination, and (3) a direct skip.
Courts will readily find an implied agreement for the transferor to retain the income from the property transferred to an FLP unless the facts establish to the contrary.
Thus, in an insolvency of the transferor, the transferor as the holder of bare legal title, would have no property interest in the loans.
IRC section 2702 applies in the case of a transfer to a family member where the transferor retains an interest in the property.
5) The recognition of financial assets and liabilities should not be affected by the sequence of transactions that led to their existence, unless as a result of those transactions, the transferor maintains effective control over a transferred asset.
The transferor can reasonably estimate its obligation under the recourse provisions.
Where the liabilities to which transferred property is subject exceed the basis to the transferor, gain is recognized.
To qualify as a sale, the transferor must surrender control.
As used in this revised ED, an SCA is an arrangement between a transferor (a government) and an operator (governmental or nongovernmental) in which (1) the transferor conveys to an operator the right and related obligation to provide services through the use of infrastructure or another public asset (a "facility") and (2) the operator collects and is compensated from fees from third parties.
Commentators asked for more options; in response, the Service said the final rules add the option of electing out for only certain designated future transfers to a trust, or all future transfers made by the transferor to any trust, regardless of whether the trust exists at the time of the election.
A transferred $10,000 worth of readily-marketable shares of X in exchange for 50 shares of stock, while each of the other 50 i transferors transferred $200 worth of readily marketable stock in other corporations in exchange for one share of stock each.