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

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 ?
He told councillors one of the catalysts for reviewing the CAT process had been the experience with Bryncethin RFC, the first club to complete an asset transfer in the county.
The income tax treatment of intra-entity asset transfers varies widely among countries, and the amount of gain or loss recognized for tax purposes may not be the same as that recognized for book purposes.
DHS policy treats the part of the principal from which no payment may be made as an asset transfer. The date of the transfer is the date the trust was created or, if later, the date payment to the person was stopped under the terms of the trust.
136 provides accounting requirements for several types of asset transfers to NPOs that solicit, hold, or use assets for beneficiaries.
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.
In some asset transfers, the transferor, generally the originator, may be subject to a partial or limited recourse provision.
The cabinet agreed charges would be deferred for any parish council that was in negotiations to asset transfer its premises.
More information about the council's asset transfer policy and an expression of interest form is available on the website.
Asset transfers from a resource provider to a recipient organization are not contributions if one or more of these conditions exist:
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.
COUNCILLORS will rule on asset transfers of three community buildings early this week.