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 ?
21 or earlier death, except that for custodial property created by a transfer from a person other than a donor custodianship ends on the minor's attaining the age of 18 and requesting the property (or earlier death).
It first looked to determine if Congress had spoken directly to the question of whether the exercise, release or lapse of a GPA granted under a grandfathered GSTT-exempt trust was a "transfer under the trust" for purposes of TRA '86 Section 1433(b)(2)(A).
TitleVest expects to release similar functionality for real property transfers in the coming months.
* An increased level of transfer pricing audit activity, with 65 percent of parent companies and 59 percent of subsidiaries having experienced examinations of their transfer prices since 2001.
The Tax Court ruled in favor of Bongard for the Class A interest, holding that the transfer of the corporate stock to the LLC in exchange for the Class A interest was a bona fide sale for full and adequate consideration.
With this perspective of student service expectations, the action research project turned towards determining if community college student transfer services effectively meet the needs of all students.
USJFCOM's focal point for technology transfer is the command's newly formed Office of Research and Technology Applications (ORTA).
Quicker transfer of heart attack patients is the solution, according to Keeley.
In the summer of 2004, school officials announced that they were cutting the transfer rate from 7,000 to 1,000.
TEI applauds the Ministry's effort to modernize the retail sales tax rules relating to exempt transfers of assets between related corporations.
Once the type of bathing and means of transfer have been decided upon, the caregiver(s) assigned to that resident should be made aware of his or her special needs and interact accordingly.
A general formula exists to calculate market based transfer pricing between divisions or segments in a multidivisional company.