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 ?
He is also the co-owner of PacWest, LLC, a registered stock transfer agency representing over 100 publicly traded issuers, a Principal in Global Filings (an Edgarizing Company), and is a contributor for The Huffington Post.
Transfer tax effects of property transfers While it has long been settled that a stock transfer by a shareholder to corporate employees is a contribution of capital to the corporation, followed by a distribution from the corporation to the employees for income tax purposes, the IRS now says that if the contribution to the corporation is not pro rata among the shareholders, the contributing shareholder has made a gift to the corporation's other shareholders.
StockTrans is an industry leading stock transfer agent and options plan service provider, helping small and mid cap companies around the world with their stock transfer and plan administration needs.
Specifically, Paivis' management requests that the former shareholders of Jupiter notify their broker-dealer to contact Corporate Stock Transfer, the new stock transfer agent, to aid in expediting the delivery of their replacement Paivis certificates.
Headquartered in Las Vegas, Pacific Stock Transfer Agency is an independent stock transfer agent with more than 30 years of experience in the securities industry.
advice and support to the Authority, its tenants and leaseholders during the Authority~s stock transfer process.
American Stock Transfer & Trust company and its affiliates in the Link Group network are providers of registry services and technology to financial market participants in North America, Australia, New Zealand, Hong Kong, India, South Africa and the United Kingdom.
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.
If the stock transfer goes ahead, we could see community-owned assets such as playing fields, car parks and so on handed over to the trust.
elections as a protest candidate, not against stock transfer itself but for greater transparency and openness in local government.
Assembly chiefs have commissioned an independent company to produce a new guide on stock transfer.
He added: "All of the literature going to tenants carries the message that the only way for tenants to get substantial investment into their properties is through stock transfer.