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 ?
Under the Community Asset Transfer Scheme (CATS) communities can ask to purchase, lease or use national forest estate land.
The green light, on 24 September, does not prejudge the analysis of the conditions of the asset transfer among other things.
Under prior law, the penalty period commenced on the first day of the month following the date of the asset transfer.
Under this circumstance, the asset transfer qualifies as a contribution from the PP to the SB.
An intended asset transfer of $20 million can readily become $12 million or $26 million, depending on the actuarial assumptions.
This article presents valuation, economic, and corporate management aspects related to the design and implementation of an intangible asset transfer program.
As a result, the management believes that the terms of the Asset Transfer Agreement are fair and reasonable and in the interests of the Company and its shareholders.
This solution could potentially transform the asset transfer market in the U.
000 new homes to be built by 2029 to the south of Coulby Newham, surely it would be wise if some green space could be retained for the local residents and the countryside centre to be a community asset transfer now, as it will be used as a community hub for the south of Coulby Newham.
On behalf of the city council I would like to clarify once again that the community asset transfer process has not been used in relation to either Milton Grange or Hawthorn House.
When an asset transfer occurs and the recipient organization and specified beneficiary organization are financially interrelated, the resource provider debits an expense and credits an asset or payable.
The process of closing the asset transfer loophole began on May 6, when the House Committee on Energy and Commerce voted by a 2-1 margin to include restrictions on asset transfer as part of the 1994 Medicaid budget.