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 classic literature ?
What for many years past he had feared more than anything was /being shown up/ and this was the chief ground for his continual uneasiness at the thought of transferring his business to Petersburg.
For years, taxpayers and estate planners have enjoyed relative certainty in using family limited partnerships as an effective means of transferring assets at reduced estate tax costs to the next generation.
This is accomplished by designing the student's SEP to meet the University of California Intersegmental General Education Transfer Courses guidelines for UC-bound students, the California State University General Education guidelines for CSU-bound students, or the independent University General Education Breadth guidelines for students transferring to a private university.
In those days, taxpayers attempted to avoid the imposition of state inheritance taxes by transferring title to property while retaining the right to income from it.
In 2003, Andersen and his colleagues concluded that transferring patients for angioplasty had been more effective than treating them with the drugs at hand.
The facts in this case, however, make it difficult to show that transfers under the law caused overcrowding in 2003, when Winerip was complaining; they even suggest that school officials did an uncharacteristically competent job of linking transferring students with schools that were in the best position to accommodate them.
If you are transferring from a wheelchair to a shower chair, bring the wheelchair into position beside and 90 degrees to the shower chair, with the opening of both chairs pointing toward you.
Specifically, the current informal ad hoc system for transferring and sharing tax losses among related Canadian companies requires companies to engage in various forms of corporate reorganizations.
Packetized devices decrease command overhead: by transferring commands, data, and status using DT (dual transition) data phases instead of slower asynchronous phases.
A spouse transferring qualified plan benefits before the court issues a QDRO may not only disqualify the plan but can also cause negative tax consequences.
Four types of data were collected: staff skill in transferring residents, information from the Bedside Information Sheets (BSIS) and wall signs, staff perceptions of correct transfer techniques, and staff injuries.
Gray Davis' description of himself as cheap, his administration is missing an opportunity to save millions of dollars by transferring hundreds of foreign-born inmates to prisons in other countries.