Transfer of Assets
/ˈtrænsfər əv ˈæsɛts/
Definitions
- (n.) The legal process by which ownership or title to assets is conveyed from one party to another.
The transfer of assets must be documented to ensure clear title.
- (n.) A transaction in insolvency or bankruptcy law where a debtor's assets are moved to satisfy creditors.
The court examined the transfer of assets to prevent fraudulent conveyance.
Forms
- transfer of assets
Related terms
See also
Commentary
In drafting, specify the type of transfer (e.g., sale, gift, security) and ensure compliance with formalities to avoid disputes over ownership.
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.