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- Transfer is a legal term that means to convey or part with an asset or interest in an asset12. Transfer can occur in various ways, such as by gift, payment, release, lease, or creation of a lien or other encumbrance1. Transfer also applies to the act that passes an interest in a written legal document, such as a check or a promissory note, from one person to another2.Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.Transfer Law and Legal Definition Generally Transfer means to convey or remove from one place or one person to another. In law, it means Any mode of disposing of or parting with an asset or interest in an asset. This can include a gift, payment of money, release, lease, creation of a lien or other encumbrance.definitions.uslegal.com/t/transfer/Transfer is the comprehensive term used by the Uniform Commercial Code (UCC)—a body of law adopted by the states that governs mercantile transactions—to describe the act that passes an interest in an instrument (a written legal document) from one person to another.legal-dictionary.thefreedictionary.com/transfer
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WEBTransfer is a legal term used to describe the act of conveying ownership or property rights from one person to another. The transfer often involves a written document, such as a deed or bill of sale.
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