Transfer

(redirected from transferrer)
Also found in: Dictionary, Thesaurus, Medical, Legal, Idioms, Encyclopedia.
Related to transferrer: transferer

Transfer

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

Transfer

1. To sell.

2. To deliver.

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

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
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.

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.

Dictionary of Financial Terms. Copyright © 2008 Lightbulb Press, Inc. All Rights Reserved.
References in periodicals archive ?
On the other hand, the transferrer spouse could purchase a new residence without restriction (related to the provisions of Code Section 1034).
The global money transferrer has always been trusted for its various initiatives, be it for better service offerings, promotions or corporate citizenship initiatives.
Onasowbhagyam is one among the many in-branch promotions offered by the global money transferrer.
This contest was one among many promotions conducted by the global money transferrer for its internet-savvy customers.
The World's Trusted Money Transferrer - UAE Exchange, launches its Summer Promotion in UK.