Legal Transfer
Financial & Investment Dictionary:
Legal Transfer
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Legal Transfer
A type of transfer that requires legal documentation in addition to the normal forms. Usually in the name of a deceased person, a trust, or other third party.
Letter of Renunciation ...
LEGAL TRANSFER " Transfer of securities registered in the name of decedents, fiduciaries, trusts, bankruptcy, corporation, partnership, clubs, institutions, etc. Transfer of items which are not generally recognized as good delivery items.
Legal transfer
A stock transaction that requires special documentation in addition to standard stock or bond power to be legally valid.
Legal Transfer
Securities that require more documentation than just a stock or bond power to transfer the certificates from the seller to the buyer.
See: Legal Transfer; Transfer Agent; Transfer And Hold; Transfer And Ship ...
The legal transfer of title of a document by signature, usually, but not necessarily, on the reverse.
Fixed Forward
Where the exchange of the currencies is to be made more than two working days ahead.
This is the legal transfer on one person's interest in an insurance policy to another person or entity, such as to a bank to qualify for a loan ...
Assignment: The legal transfer of the entire or partial ownership of an asset, such as an insurance policy, to another person or entity.
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closing agent An individual who represents a buyer and handles the closing and the legal transfer... closing bell The end of a trading session. closing costs Fees and expenses, over and above the price of the property, incurred by the...
Conveyancing is the term describing the legal transfer of ownership of freehold or leasehold properties. It's a complicated process which can be (and has been) completed in an afternoon but can also take several months.
Assignment - The legal transfer of one person's right in a contract to another. Assignment is not allowable for a tax-deferred annuity used to fund an IRA or a pension account. (Note: there may be tax consequences associated with an assignment.) ...
representative, usually a bank or trust company, designated by a corporation to make legal transfers of stocks and bonds and, in some cases, to distribute dividends.
The money transfer element, in exchange for the security's legal transfer, is the cash transaction. The forward contract, on the other hand, ensures the loan repayment and the return of the collateral.
Succession
Definition: Legal transfer of a deceased person's assets and rights to the heirs.
Leases: Long-term non-cancelable commitments. In a lease, the lessee acquires the right to use property owned by the lessor. Even though no legal transfer of title occurs, many leases transfer substantially all the risks and ownership benefits.
A statement, usually written by a specialized law firm, required for a new municipal bond issue stating that the issue is legally acceptable.
Legal transfer ...
In the UK the equivalent (convertible term assurance) is conversion of...(Read more)
Conveyancing
The legal transfer of real property (i.e. land and buildings) from one owner to another. Traditionally handled by solicitors, although conve...
 See also: Banks, Expense, Long position, Compensation, Term insurance
  
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