Transfer

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Transfer

A change of ownership from one person or party to another.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Transfer

1. To sell.

2. To deliver.

3. To change ownership between parties for any reason.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

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
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.

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.

Dictionary of Financial Terms. Copyright © 2008 Lightbulb Press, Inc. All Rights Reserved.
References in periodicals archive ?
"Obviously for those looking at an asset transfer who are not as financially sound we would refer back to what we had and expect the detailed business case and other questions to be asked."
The recognition requirements for intra-entity asset transfers are frequently applied to intercompany sales of inventory (i.e., routine transactions), but may also cover non-routine intra-group transfers of assets, such as intellectual property or stock of a subsidiary.
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.
Generally, three types of asset transfers qualify as contributions.
The effect of asset transfers on the income statement will depend on how the FASB decides to treat the transfer, which it hasn't done yet.
Thus, asset transfers for securitization that do not involve direct or indirect recourse to the transferring banking organization are treated as sales.
Holme Valley Parish Council is in the early stages of doing an asset transfer.
The former countryside centre is being offered as part of Middlesbrough Council's community asset transfer programme.
That paragraph says the statement does not apply to asset transfers in which the reporting entity acts as an agent, trustee or intermediary rather than as a donor or donee.
Larger accounts or residents who appear to have engaged in questionable asset transfers should be referred to a law firm capable of advising you on your state's fraudulent transfer laws.