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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.


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.


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


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 ?
A cumulative-effect adjustment would be made directly to retained earnings as of the beginning of the period of adoption for the recognition of the income tax consequences of intra-entity asset transfers occurring before the effective date.
Proposals could see all three asset transfers approved on a freehold basis, with covenants to make sure they are used for community use only.
Social Development Minister Nelson McCausland has welcomed the Executive s approval of the Community Asset Transfer policy framework
The council previously offered the Beechwood centre for asset transfer but has so far not received a sustainable proposal to take over the building.
bush signed into law the Deficit Reduction Act of 2005 (DRA), which severely restricts Medicaid eligibility for many elderly by drastically changing the Medicaid asset transfer laws.
None of the nine states GAO contacted tracked or analyzed data on asset transfers or penalties applied.
116 specifically excluded from its coverage asset transfers to agents, trustees, or intermediaries.
The revised law says that asset transfers are legal but that attorneys and other advisers can't tell their clients how to accomplish the task.
What effect will asset transfers have on the income statement?
When asset transfers do not involve recourse to the selling institution, then both GAAP and regulatory reporting requirements are consistent.
In noting that (1) numerous FLP distributions were used to pay personal expenses; (2) asset transfers consisted of 98% of the transferor's wealth and left him without any meaningful liquid assets; and (3) the transferor continued to live in the residence transferred to the FLP until death without paying rent, the Fifth Circuit affirmed the Tax Court's decision to apply Sec.