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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 entry of a QDRO, the timing of transfers, community property laws and the harmful tax consequences of transferring some types of employment benefits are all factors CPAs should consider when advising clients involved in a divorce.
(However, state law often limits a grantor's ability to defeat creditors"valid claims by transferring property to a trust.)
Part I analyzes and discusses the critical rules on timing a Medicaid application, transferring assets to preserve family wealth, using trusts under Medicaid provisions and understanding the tax consequences of asset transfers and the potential liability of the Medicaid applicant's adviser.
In the midst of all this turmoil, on May 8, 2002, the IRS issued a proposed ruling on the employment tax consequences of transferring NQSOs and nonqualified deferred compensation in a divorce (Notice 2002-31).
Under this strategy, however, instead of transferring property to a corporation, the transfer would be to a family limited partnership because a partner's creditor is limited by statute to a charging order.
Example 3: The facts are the same as in Example 2, except that, instead of transferring appreciated property, X transfers cash to Y in exchange for the annuity.
Another planning option is transferring assets into an irrevocable Medicaid qualifying trust.
The timing of the gifts depends on the relative risk of transferring the stock to Don, compared to the potential appreciation in the stock's value if Webster retains it (i.e., the value could exceed the unified credit if the value of the stock appreciates substantially).
However, receiving a cash distribution and transferring it to the former spouse is not a qualifying transfer under Pub.
Focusing on the "one day before" language might lead taxpayers to believe that the problem presented by the proposed regulation could be obviated simply by transferring A's stock and then waiting two or three days before making the check-the-box election.
In these situations, the property is considered as directly transferred to the nontransferring spouse, who is then considered as immediately transferring the property to the third party.
In the case, a husband, wife and their children formed two FLPs, by transferring life insurance policies, stocks, bonds and real estate to the partnerships in exchange for general and limited partnership interests in each FLP.