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A change of ownership from one person or party to another.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.


1. To sell.

2. To deliver.

3. To change ownership between parties for any reason.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved


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
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.


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.

Dictionary of Financial Terms. Copyright © 2008 Lightbulb Press, Inc. All Rights Reserved.
References in periodicals archive ?
The Court of Tax Appeals (CTA) en banc discussed the foregoing exception in a recent case (CTA EB 1713) where the Court emphasized the requisites of tax-free exchange, to wit: (a) the transferee is a corporation; (b) the transferee exchanges its shares of stock for property/ies of the transferor; (c) the transfer is made by a person, acting alone or together with others, not exceeding four persons; and, (d) as a result of the exchange the transferor, alone or together with others, not exceeding four, gains control of the transferee.
A $3,500,000 (in 2009) GST exemption is available to each transferor. Great flexibility is available to allocate or not allocate GST exemption to transfers.
2036(a) includes in a decedent's gross estate those assets that were transferred during life, but to which the transferor retained significant rights.
This would be different, however, if the transferor retained sufficient powers over the transferred property (that is, the remainder interest), such as the right to change the beneficiary.
(5) The recognition of financial assets and liabilities should not be affected by the sequence of transactions that led to their existence, unless as a result of those transactions, the transferor maintains effective control over a transferred asset.
The transferor can reasonably estimate its obligation under the recourse provisions.
Moreover, if the transferor is not taxable (say, a foreign or tax-exempt person), a basis increase may be engineered without paying a tax liability.
Such transactions allowed the transferors to diversify their holdings, but the transfers were not taxable unless one of the specific anti-abuse provisions in the Code was triggered.(13)
Since the transferor is responsible for the taxes, the combined gift/GST taxes represent 58.4% of the transferor outlay of $7,207,500.
2036(a) is one of several Code provisions intended to prevent parties from avoiding the estate tax by means of testamentary substitutes that permit a transferor to retain lifetime enjoyment of purportedly transferred property.
transferors own 50 percent or more of the total voting power and value of the foreign corporation and enter into a 10-year GRA.
transferors own less than 50 percent, it will be presumed that they do not.