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 ?
The court noted that the legislative history revealed Congressional intent to (1) apply Federal transfer taxes as uniformly as possible and (2) tax GSTs having a similar effect in a similar manner.
The sale was bona fide in the Court's view because it was on the advice of Bongard's lawyer and thus the transfer was made for a significant nontax business purpose.
34 percent of multinational corporations (MNCs) have elevated responsibility for transfer pricing policies to the CFO level.
But the state Chancellor's Office has determined there are numerous factors that affect a college's transfer rates, many of them beyond the college's control, Perry said.
The California Community College Chancellor's Office and the California Community College Transfer Center Directors' Association (1997) described academic transfer services provided by community college transfer counselors.
In DANAMI-2, it was just shy of 2 hours, including the 55-minute delay associated with transfer.
In the summer of 2004, school officials announced that they were cutting the transfer rate from 7,000 to 1,000.
Was the transfer a bona fide sale based on the four factors described above?
Please confirm that B, D, E, F, and H can transfer eligible property to G without attracting tax.
You do not want either chair skidding away from you in the middle of a transfer.
As the process continued, education on transfers was provided to the Therapeutic Recreation and Education Departments.
Transfer Price = Variable costs per unit + Lost contribution margin per unit