authorization to transfer

authorization to transfer

A form signed by a customer permitting a broker to transfer funds from the customer's segregated account to that customer's nonsegregated account. The purpose of the transfer is usually to cover a shortage of funds in a margin account with funds that the customer has in a separate account.
References in periodicals archive ?
He did so by forging letters of authorization to transfer client funds to accounts he controlled.
Article 62 asks for the authorization to transfer a $375,760 state Landscape Partnership Grant to the Conservation Fund for the purpose of open space acquisition/protection.
7216 consent to disclose authorization to transfer the records.
"We could get authorization to transfer Assange to our embassy in Sweden so that the case can proceed there with the protection of Ecuador while meeting the needs of Swedish justice," Chilean La Segunda newspaper quoted Patino as saying on Friday.
authorization to transfer any tax payment from the member's account to the reporting entity's account" (www.
O'Brien is asking the City Council for authorization to transfer that $1.44 million out of that airport reserve account and into the new trust fund that has been established to cover post-employment health benefits for current and future municipal and public schools retirees.