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 ?
These were countered by the Chapter, which urged the transferal of the numerous old saints orphaned by the destruction of old altars, even though there were fewer locations available in the new building.
Jailers ended the visit as soon as they noticed the transferal of the bag.
Hillary Seitz's script for the American version, however, adds a few crucial, extra layers of backstory, subconscious motive and identity transferal.
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The KPMG-Cisco pact extends a six-year relationship between the two companies that saw KPMG manage the transferal of Cisco's own infrastructure to internet-based technology.
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We are seeking to establish clear relationships between our mother brand~ and sub-brands, including consideration of user journeys which allows for seamless transferal between digital assets.
It is the latest blow to the movement in North Wales after the recent closure of the market at Rhug, Corwen, and its transferal to Carrog.
The thematic obsessions that ran rampant throughout his mature body of work - mistaken identity, intimate betrayal, persecution of innocents, transferal of guilt - suggest that he never got over it.
The transferal process involves removing customer records from one database and putting them on one dealing with Localtel accounts.
The transferal of the complementary bonds will be adjusted so that the market value of the bonds is no less than $4.