transfer

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Transfer

To remove or convey from one place or person to another. The removal of a case from one court to another court within the same system where it might have been instituted. An act of the parties, or of the law, by which the title to property is conveyed from one person to another.

Transfer encompasses the sale and every other method, direct or indirect, of (1) disposing of property or an interest therein or possession thereof; or (2) fixing a lien (a charge against property to secure a debt) absolutely or conditionally, voluntarily or involuntarily, with or without judicial proceedings, in the form of a conveyance, sale, payment, pledge, lien, mortgage, gift, or otherwise. The term transfer has a general meaning and can include the act of giving property by will.

Transfer is the comprehensive term used by the Uniform Commercial Code (UCC)—a body of law adopted by the states that governs mercantile transactions—to describe the act that passes an interest in an instrument (a written legal document) from one person to another.

transfer

n. 1) the movement of property from one person or entity to another. 2) passage of title to property from the owner to another person. 3) a piece of paper given to allow a person or shipment to continue travel.

transfer

verb assign, bequeath, bestow, carry, conner, consign, deed, deliver, deliver over, demise, devolve, forward, grant, hand on, pass, pass on, remove, send, shift, traducere, transferre, transmit, transmittere, transport
Associated concepts: transfer an interest
See also: abalienate, assignment, attorn, banish, bear, cargo, carriage, cede, cession, confer, consign, consignment, convert, conveyance, copy, deed, defect, delegate, delivery, demise, deport, devise, devolution, devolve, dispatch, dispensation, displace, disposition, exchange, give, grant, impart, move, reassign, refer, relegate, remand, removal, remove, replace, replacement, sale, send, subrogation, supplant, transmit, transmittal, transport, yield

transfer

to make over to another rights in or interests over property; sometimes the term is used as a noun to denote the instrument by which this is effected.

TRANSFER, cont. The act by which the owner of a thing delivers it to another person, with the intent of passing the rights which he has in it to the latter.
     2. It is a rule founded on the plainest dictates of common sense, adopted in all systems of law, that no one can transfer a right to another which he has not himself: nemo plus juris ad alienum transfers potest quam ipse habet. Dig. 50, 17, 54 10 Pet. 161, 175; Co. Litt. 305.
     3. To transfer means to change; for example, one may transfer a legacy, either, 1st. By the change of the person of the legatee, as, I bequeath to Primus a horse which I before bequeathed to Secundus. 2d. By the change of the thing bequeathed, as, I bequeath to Tertius my History of the United States instead of my copy of the Life of Washington. 3d. By the change of the person who was bound to pay the legacy, as, I direct that the sun) of one hundred dollars, which I directed should be charged upon my house which I gave to Quartus, shall be paid by my executors.

References in periodicals archive ?
As stated in the Announcement, a circular (the "Circular") containing details of the transfer of the Desulfurisation Assets and Denitrification Assets under the Asset Transfer Agreement, a letter from the independent board committee and a letter from the independent financial advisor of the Company, both advising the terms of the transfer of the Desulfurisation Assets and Denitrification Assets under the Asset Transfer Agreement, is expected to be despatched to the Shareholders on or before 23 November 2015.
Any proposals for asset transfer would be brought back to cabinet for decision under the corporate asset transfer policy.
Cabinet will consider the asset transfer at nil cost due to the community value.
Community Asset Transfer is used to enable the community ownership and management of publicly-owned land and buildings.
This proposal would require that an entity recognize the current and deferred income tax consequences of an intra-entity asset transfer when the transfer occurs.
If this is agreed, expressions of interest will then be invited from interested parties which will be shortlisted, with the preferred operator taking on a community asset transfer of the building.
This framework will support and enable Community Asset Transfer in Northern Ireland.
Community Asset Transfer heralds a new dawn, but the initiative risks being strangled at birth by the dire financial plight that public bodies face.
But the city council's finance chief Coun Randal Brew, after considering their business case, decided their plans for the house were "too commercial" to warrant a community asset transfer.
Under prior law, the penalty period commenced on the first day of the month following the date of the asset transfer.
136 establishes accounting guidelines for all parties involved in an asset transfer (i.
Upon consummation of the Asset Transfer, Craig and Citadel will hold in the aggregate, in excess of 80% of the voting power of Reading Entertainment, and the balance of the voting power will be held by the current Reading public stockholders.