A change in the ownership of an asset, or a movement of funds and/or assets from one account to another.
May involve an exchange of funds when it involves a change in ownership, such as when an investor sells a real estate holding. In this case, there is a transfer of title from the seller to the buyer and a simultaneous transfer of funds (equal to the negotiated price) from the buyer to the seller. The term ‘transfer’ may also refer to the movement of an account from one bank or brokerage firm to another.