Asset Transfer
/ˈæsɛt ˈtrænsfər/
Definitions
- (n.) The legal process of conveying ownership or rights in property from one party to another.
The asset transfer was finalized after both parties signed the agreement.
- (n.) A transaction involving the movement of financial or tangible assets within corporate restructuring or estate management.
During the merger, several asset transfers were conducted to streamline the new company's portfolio.
Forms
- asset transfers
Related terms
See also
Commentary
Asset transfer typically denotes formal legal movement of ownership rights, and precise documentation is essential to avoid disputes.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.