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 ?
Pacific Stock Transfer is focused on serving the needs of domestic and international companies, both public and non-public.
The Authority requires all aspects of stock transfer and stock transfer to comply with good practice and
The firm and its partner, Canadian Stock Transfer company Inc, form the North American division of the Link Group.
It is not the Assembly's intention for the guide to promote stock transfer,''he said.
Cllr Sheppard said: "I have received a report which raises significant concerns about the transparency of the consultation process on stock transfer.
No rent rises, no costly stock transfer, no loss of secure tenure, no threat to the Direct Labour Organisation, no more costly consultants - pounds 124.
1) Thus, we believe that a GRA should be permitted for domestic stock transfers where the transferor owns more than 50 percent of the foreign transferee stock.
Providing our clients with the tools needed to succeed in the small cap market has always been important to us," Pacific Stock Transfer Company CEO Joseph Meuse said.
The rest are looking at stock transfer and will poll their tenants either this year or next.
When Cobalt housing took over the existing council properties in Croxteth, in another stock transfer, some enterprise staff lost their pensions and were laid off too.
They undertook their own survey to assess support for stock transfer and the result pointed to overwhelming opposition to stock transfer.