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 ?
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.
136 treats asset transfers, whether financial or nonfinancial, carrying variance power for the RO as contributions from the RP to the RO.
In some asset transfers, the transferor, generally the originator, may be subject to a partial or limited recourse provision.
The cabinet agreed charges would be deferred for any parish council that was in negotiations to asset transfer its premises.
This framework will support and enable Community Asset Transfer in Northern Ireland.
Asset transfers from a resource provider to a recipient organization are not contributions if one or more of these conditions exist:
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.
367(a)-3(d)(1)(v), a transfer of assets to a foreign corporation pursuant to section 368(a)(l)(C), followed by a drop-down of assets to a subsidiary of the transferee -- which had previously been treated as an asset transfer under section 367(b) -- is now treated as an indirect stock transfer under section 367(a).
Proposals could see all three asset transfers approved on a freehold basis, with covenants to make sure they are used for community use only.
The FASB's proposal takes a financial components approach in determining the proper accounting for financial asset transfers, which would require an entity to recognize all the assets it controls and the liabilities it has incurred on the balance sheet, after financial assets are transferred.
The proposed regulations would apply to a variety of stock and asset transfers involving foreign corporations that, but for the potential application of section 367(a) or 367(b), would qualify for tax-free treatment under certain statutory nonrecognition provisions.