transfer

The movement of records out of office space and equipment to a records center.

As a verb, the processes supporting the moving of documentary material from one location to another. Usually used to refer to transfer of materials from the creator or custodian to NARA (including Federal records centers). As a noun, the body of documentary material for which physical custody is so transferred.

In a transfer, a 401(k) or IRA custodian or trustee moves the assets in your existing account directly to the custodian or trustee of your new account.

With a transfer, you don't risk failing to deposit the full amount of your withdrawal within the 60-day deadline for rollovers. And, in the case of a transfer from a 401(k) or similar retirement savings plan, nothing is withheld for income taxes.

In contrast, if you handle the rollover yourself, your employer must withhold 20% of the account value.

When securities are sent to a transfer agent for reregistration of the ownership name, this process is also known as a transfer.

Securities may be registered in the actual, or beneficial, owner's name, or in the name of a nominee, known as street name. Most stocks that are held by brokerage firms for their clients are registered in nominee name on the transfer agent's books.

Any mode or means by which a debtor disposes of or parts with his/her property.

The process of moving or transmitting a file from one location to another, as between two programs or from one computer to another.

To send information from one location and to receive it at another.