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 ?
136 provides accounting requirements for several types of asset transfers to NPOs that solicit, hold, or use assets for beneficiaries.
A number of demonstration projects have been identified for this purpose and the local groups and asset owners will be supported through the asset transfer process in the coming year.
This requirement applies to all NPOs--even those not involved in the asset transfers described in Statement no.
Community asset transfers involve transferring the ownership from Kirklees to a community organisation at less than its full market value in order to further local social, economic and/or environmental objectives.
In addition, certain transactions subject to the new outbound stock transfer rules might also be subject to a separate set of existing rules under section 367(a) governing non-stock asset transfers to foreign corporations.
AMONG THE COMMON ESTATE PLANNING techniques are testamentary trusts, asset transfers to younger generations, life insurance trusts, family partnerships and estate freezes.
Since Boeing's announcement in October 1999 of its decision of to retain BCC, Boeing has downstreamed over $800 million in equity to support asset growth including asset transfers from Boeing.
The council is now undertaking a review of what it owns with community asset transfers one way to save buildings from being sold off.
Part I includes a detailed analysis and discussion of the critical rules on timing the 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.
These independent reasons for forming a limited partnership may help demonstrate there is no fraudulent intent on asset transfers to the partnership if this strategy subsequently is challenged in court.
The Negative Rating Outlook also reflects the uncertain regulatory environment in West Virginia and the unknown outcome of current and future negotiations with the WVPSC regarding asset transfers and recovery of cost increases since mid-2000.
It is believed to be the biggest and one of the most ambitious community asset transfers in the country.