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 ?
93-91 and 93-92, takes the position that lack of transferability may still exist if:
As the inequities and inefficiencies of nontransferability accumulate, transferability itself becomes more and more valuable.
The purpose of this classroom study was to explore ways to empower adult students to articulate and share their work and life experiences through action research and to also explore the transferability of learning to other social roles they assume in their respective communities.
The opportunity for transferability or anything else was dependent on whether we were able to do something on compensation or limits on waivers," he said.
1361-1(1)(2)(iii)(A), the Service concluded that, in general, buy sell agreements among shareholders, agreements restricting stock transferability and redemption agreements are disregarded in determining whether a corporation's outstanding shares confer identical distribution and liquidation rights.
However, FAS 123 does not allow companies to apply a discount to the BSM value to reflect the ESO's lack of transferability during the vesting period.
Under the current IRS classification rules, an unincorporated entity's classification is based on whether it exhibits a preponderance of the following corporate characteristics: continuity of life, centralization of management, limited liability, and free transferability of interests.
While the law allows a restriction of transfer of shares or a provision merely postponing the sale of shares for a certain period of time, the law condemns an effective prohibition against transferability of the shares.
For an entity to be classified as a partnership for federal income tax purposes, it must lack two of the four corporate characteristics: limited liability, centralized management, free transferability of interests, and continuity of life(8).
First, since our servicemen and women have regularly requested the ability to transfer their GI bill benefits to their family members, legislation should include transferability.
Contract award notice: supply of motor fuels (petrol and diesel) fleet of bucurestii noi transport branch, under a management and control system transferability of engine fuels or personalized cards or other systems.
The NIR technology ensures ease of use and transferability.