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 ?
'Coun Minnis and the senior officers in the housing department seem to have done little else beside campaigning for stock transfer and the last couple of years.
Those who campaigned so vigorously against stock transfer have no answer to this question.
VStock Transfer is a stock transfer agent providing best-in-class service combined with a cost savings structure.
The bylaws of each of the PCs prohibit the transfer of stock in the respective PC, other than in accordance with the relevant stock transfer restriction agreement, and provide that any person who transfers, holds, or purports to exercise any rights or privileges with respect to any shares of stock in the respective PC in violation of the rights, restrictions, or provisions of the bylaws shall not have the right to vote, receive dividends, or enjoy or exercise any right or privilege as a holder of shares of stock in the PC.
(OTCQB:BULM), a gold-focused exploration royalty company, has received notice from its stock transfer agent of a 4,429,338 decrease in the number of shares deemed to be outstanding.
It was only when members present questioned officers about the proposed stock transfer that they mentioned the council has a contingency plan if the vote result is No.
Stock transfer and receipt of payment is scheduled for 1 October 2010 when all of the 172,700 stocks owned by Japan Airlines International Co Limited will be transferred to Hamakyorex Co Limited.
KEY INDIVIDUALS Carol Matthews has been handling a significant amount of the stock rationalisations in addition to finishing the remaining stock transfer transactions and providing governance advice to RSLs.
Stock transfer that gives tenants a voice can kick-start sustainable economic and social regeneration."
A stock transfer agent maintains shareholder records, handles requests for share ownership transfers, calculates dividend payments to shareholders and performs other stock-related tasks on behalf of share-issuing companies.