What is a 'Transfer'


                                                         What is a Transfer
A change in ownership of an asset, or a movement of funds and/or assets from one account to another. A transfer may involve an exchange of funds when it involves a change in ownership, such as when an investor sells a real estate holding. In this case, there is a transfer of title from the seller to the buyer and a simultaneous transfer of funds, equal to the negotiated price, from the buyer to the seller.
The term transfer may also refer to the movement of an account from one bank or brokerage to another.
More examples

  • The new government's policy is to transfer state industries from the publicsector to the private sector.
  • It was his instinct for self-preservation that led him to abandon his formerfriends and transfer his allegiance to the new rulers.
  • I transferred the mixture to an oven-proof dish.
  • She has transferred her affection to someone else now.
  • He transferred to the Paris branch in May.

Comments

Post a Comment

Popular posts from this blog

Technology transfer

Technology transfer Technology transfer, also called transfer of technology (TOT), is the process of transferring (disseminating) technology from the places and ingroups of its origination to wider distribution among more people and places. It occurs along various axes: among universities, from universities to businesses, from large businesses to smaller ones, from governments to businesses, across borders, both formally and informally, and both openly and surreptitiously. Often it occurs by concerted effort to share skills, knowledge, technologies, methods of manufacturing, samples of manufacturing, and facilities among governments or universities and other institutions to ensure that scientific and technological developments are accessible to a wider range of users who can then further develop and exploit the technology into new products, processes, applications, materials, or services. It is closely rela...
Keep reading

Retail money transfers

Methods Retail money transfers International DEUT identifies Deutsche Bank. DE is the country code for Germany. FF is the code for Frankfurt. United States of America One of the largest companies that offer wire transfer is Western Union, which allows individuals to transfer or receive money without an account with Western Union or any financial institution. Concern and controversy about Western Union transfers have increased in recent years, because of the increased monitoring of money-laundering transactions, as well as concern about terrorist groups using the service, particularly in the wake of the September 11, 2001 attacks. Although Western Union keeps information about senders and receivers, some transactions can be done essentially anonymously, for the receiver is not always required to show identification. There are other companies in this market, like ACE Money Transfer, RIA Financial Services,...
Keep reading

Debt Consolidation Loan or Balance Transfer: Which is Best?

Debt Consolidation Loan or Balance Transfer: Which is Best? Paying off debt is never easy. But a lower interest rate and smaller payments  can  lighten your load. When it comes to common consumer debts like credit cards and personal loans, two of the most popular ways to lower your rate include balance transfers and debt consolidation loans. So, which option is best? They both have advantages and disadvantages, but you can make an educated decision once you look at the fees to borrow and how your debt is set up currently. Credit Card Balance Transfers Transferring a balance using a credit card is easy, and ideally you can pay 0% interest on your debt (at least for a limited time). That helps stop the bleeding: your interest costs disappear, and 100% of each payment goes towards reducing your loan balance. Credit card balance transfers are most attractive when you know you will pay off debt quickly. However, you’ll need to pay attention...
Keep reading