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A change of ownership from one person or party to another.


1. To sell.

2. To deliver.

3. To change ownership between parties for any reason.


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


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 ?
Memo 2005-102-The Tax Court found an implied agreement in the Korby case between the deceased husband and his four sons that income from assets transferred to a family partnership would be used as needed by the parents.
In this case the IRS ruled the husband had to recognize compensation income when he transferred both incentive and nonqualified stock options to his ex-wife.
Data receivers provide the ability for transferred data to be stored safely and properly in the receiving system's storage; including updating the respective file or database system with the correct metadata information.
Presumably, because the assets have not been transferred to the nonemployee-spouse, any income that results would be includible on the employee-spouse's Form W-2.
The government was whipsawed in Arnes I and Arnes II when a divorcing couple transferred appreciated property to a corporation and withdrew assets without any tax consequences.
Ten commands, four write and six read, are transferred and executed with the SCSI bus running at various rates, from 20 to 320MB/sec.
If the liabilities assumed by the transferee are less than the transferor's basis in the transferred property, the shareholder-transferor's substitute basis in the stock received is decreased by the amount of the liabilities assumed by the corporation.
Dispositions of the transferred corporation's stock or securities; see Regs.
Neither the resource provider nor its affiliate expects payment of the transferred assets, although they may expect payment of the transferred assets' return on investment.
Reno, finding that where an individual had waited the ineligibility penalty period before filing a Medicaid application, even if the individual transferred assets during that period, Section 217 was not triggered.