transfer of account

transfer of account

An authorization by a customer to transfer the assets of his or her brokerage account at one firm to a brokerage account at another firm. It is generally easier and safer for one to transfer securities this way instead of requesting delivery and then sending the certificates to the new firm by oneself.
References in periodicals archive ?
Seller will train and guarantee the transfer of accounts and sign non-compete.
Seller will train and guarentee transfer of accounts.