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 ?
Finally, like the H-1B visa category, the L-1 expressly allows for dual intent, which means the transferee may start applying for permanent residence or a green card without adversely affecting the ability to extend temporary L-1 status.
Finally, the Tax Court considered whether the taxpayers were transferees for purposes of Sec.
Policy and procedure variances: Inevitably, there will be some variances between the policies and procedures of the transferee and the transferor servicer.
Beyond the call for the inclusion of additional comparables, relocation appraisers have been encouraged to include sales proffered by the transferees, plus additional competing properties including "new construction within 10 miles" of the subject.
There is a new duty on transferors to supply information about the transferring employees to the transferee by providing what is called 'employee liability information'.
Each transaction is orientated to the specific needs of the transferee, which we fulfill by investigating all available channels and by calling upon our RE/MAX network.
The ICBRE Orientatien Program provides a fully accompanied tour using the public transportation system of the locations that the transferee will be going to most frequently, as well as the necessary visits to health care facilities, markets, etc.
The risk of a transferee running off with the bulk sale proceeds leaving creditors high and dry has been greatly reduced.
The second exception to nonrecognition of gain on the transfer of property to a controlled corporation involves the assumption of liabilities by the transferee corporation.
Similarly, the written survey data pointed out that transferees valued health care, homefinding and settling-in assistance, home leave and repatriation over other programs offered by companies.
351 transaction involving foreign transferees, investment companies and bank holding companies; and, looks at the recordkeeping, filing, and ruling request requirements of a Sec.
It solicits comprehensive comments and quantitative information from transferees which helps to establish a standard for measuring relocation services.