Transfer of Ownership
/ˈtrænsfər ʌv ˈoʊnərʃɪp/
Definitions
- (n.) The legal process or act by which ownership of property or assets is passed from one party to another.
The transfer of ownership of the vehicle was completed after the sale was finalized.
Related terms
See also
Commentary
Typically requires clear intent, proper documentation, and compliance with relevant statutory or contractual requirements to be legally effective.
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.