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 concerned about the prospect of having to get 100% of phase-one funding in place prior to an asset transfer being finalised, because that will be very difficult to achieve just because of the way funding works."
He told councillors one of the catalysts for reviewing the CAT process had been the experience with Bryncethin RFC, the first club to complete an asset transfer in the county.
It has acquired three hectares of land on the former Clippens Schools site through an asset transfer from the local authority to build 'Mossedge Village' that will include a 3G football pitch with changing facilities and a community centre.
Cabinet member for leisure services, councillor Kevin Jones, said: "The council is committed to working with community groups and local people to ensure that asset transfer to local communities in Flintshire is successful and sustainable in the long-term.
"Any proposals for asset transfer would be brought back to cabinet for decision under the corporate asset transfer policy."
From a sellers perspective, the proposal to recognize the current tax consequence of an intra-entity asset transfer when payment is made to a taxing authority may provide some useful linkage between income tax expense, as stated in the statement of earnings, and income tax paid, as stated in the statement of cash flow.
Community Asset Transfer is used to enable the community ownership and management of publicly-owned land and buildings.
This proposal would require that an entity recognize the current and deferred income tax consequences of an intra-entity asset transfer when the transfer occurs.
The first item the board is proposing is elimination of the exception in ASC Section 740-10-25, 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.
Under its plans, community buildings will be disposed of via the local government asset transfer scheme.
have transferred its assets to affiliate entities in order to protect its assets from potential liability without incurring a significant tax burden resulting from the asset transfer? The solution lies within the federal tax code.
29 June 2012 a[euro]" US biotechnology and R&D services company Nuvilex Inc (PINK:NVLX) said it had initiated the asset transfer process after completing its acquisition of Singapore-based live-cell encapsulation specialist SG Austria Pte Ltd.