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 ?
21 or earlier death for transfers by irrevocable lifetime gift, transfers by irrevocable exercise of a power of appointment, transfers authorized in a will or trust, transfers by a personal representative or trustee in the absence of a will or under a will or trust that does not authorize such a transfer, or transfers by a conservator.
The Second Circuit concluded that the transfer did not pass "under" the marital trust and, thus, was subject to GSTT.
However, ACRIS ASAP now auto-checks with the City's website on an hourly basis to ascertain whether transfer documents have been received and processed.
However, in several relatively recent cases, the IRS has argued successfully that the transfer of assets to an FLP should be disregarded by applying Internal Revenue Code Sec.
Understanding the expectations of these two student groups could ensure that community college transfer service providers meet the needs of all students.
heart attack-treatment guidelines recommend transfer only when angioplasty can be expected within 90 minutes of arrival at the original hospital.
The facts in this case, however, make it difficult to show that transfers under the law caused overcrowding in 2003, when Winerip was complaining; they even suggest that school officials did an uncharacteristically competent job of linking transferring students with schools that were in the best position to accommodate them.
The Fifth Circuit first determined the transfer to the LP (by far the larger and more important) was for full and adequate consideration.
The changes in respect of beneficial ownership will permit a tax-free transfer of eligible assets between corporations where the ownership of the two may be held by different entities in the same group.
[Lifts and transfer equipment will be discussed elsewhere.]
After completing the program, each employee was tested on two randomly selected universal transfers. If the employee demonstrated these successfully, he or she "passed" the course and was awarded an orange button to be glued to the employee's name badge.
A general formula exists to calculate market based transfer pricing between divisions or segments in a multidivisional company.

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