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 ?
Sardar Mohammad Yunus Agriculture Department Section Officer was transferred and posted as Assistant Commissioner Khanpur.
Fareeha Sanobar has been transferred from Tando Mohammad Khan to Karachi (South) on promotion as Senior Civil Judge against the post lying vacant.
Also, the transfer was for full and adequate consideration because (i) the transferors received interests in the LLC in proportion to the assets transferred; (ii) the transfers were credited to their capital accounts; (iii) capital accounts were adjusted for contributions and distributions; and (iv) liquidating distributions were to be based upon capital account balances.
The most administratively burdensome requirement is the notice to participants and beneficiaries, who must be provided information regarding the amount of excess pension assets, the portion to be transferred, the amount of health benefit liabilities, and the amount of the participant's pension benefits that will be nonforfeitable immediately after the transfer.
Hafiz Misbahuddin Phulpoto is transferred from Sukkur to Tando Allah Yar against and Sadaf Khokhar, Additional District and Sessions Judge is transferred from Shikarpur to Larkana against posts lying vacant to their respective places of transfer.
Kimbell had had sufficient assets outside the partnership to support her personal needs; (2) all partnership formalities were satisfied and the transferred assets were actually assigned to the partnership; (3) most of the assets transferred did require active management; and (4) non-tax-objective business reasons existed for the transfer to a partnership that the trust could not satisfy.
Thereafter, the stock (not the ISO) could be transferred to the non-employee spouse.
* Data conversion engines receive the transferred data and convert it to a format that is usable by the receiving system.
In addition, if more than 10% of USHoldco's shares are transferred by U.S.
The regulations require the donor to submit either a "qualified appraisal" or a detailed description of the method used to determine the fair market value of the transferred property.
The Circular sets forth somewhat different standards for determining the amount of costs to be absorbed or transferred, depending on whether the secondment is outbound or inbound.
In contrast, data is transferred at the fastest synchronous rates and bus widths negotiated between any two SCSI devices.