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 requires the RO to record the asset transfer in this case only if the assets are financial (e.
The minimum "bullet-proof" asset transfer is the amount a financially sound insurance company would charge to annuitize the spinoff benefits, because an annuity purchase would be necessary if the plan were to terminate.
These categories are used for general asset identification and classification purposes that are relevant when implementing an intangible asset transfer program.
The asset transfer market is widely regarded as one of the most expensive and error-prone parts of the asset management value chain, with much of it still involving a great deal of manual procedures.
Community asset transfer is still an option - but I would like to remind the writer of the letter that this is only allowed to happen when an organisation fully satisfies the council that the asset will be used in future for the good of citizens.
The fund will not recognize the $1 million contribution as income, nor will it recognize the eventual asset transfer to the Free Clinic as a donation.
According to some analysts, asset transfers cost federal and state governments nearly $2 billion per year in Medicaid expenditures that could have been financed through private long-term care insurance policies.
367(a)-3(d)(1)(v), a transfer of assets to a foreign corporation pursuant to section 368(a)(l)(C), followed by a drop-down of assets to a subsidiary of the transferee -- which had previously been treated as an asset transfer under section 367(b) -- is now treated as an indirect stock transfer under section 367(a).
At least 60 days before any asset transfer, notice must be given to the Secretary of Labor, the Secretary of the Treasury, the plan administrator, employee representatives, and plan participants and beneficiaries.
An asset transfer process with three other organisations has also failed and the museum estate is set to be put up for sale.
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.