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  2. In business, transfer can refer to12:
    • The movement of assets, funds, or ownership rights from one place to another.
    • The process by which ownership of funds or assets are reassigned to a new owner.
    • Shifting of an employee from one job to another, one unit to another or one shift to another and may involve a new geographical location. Transfers may be initiated by the organisation or by the employees with the approval of the organisation.
    Learn more:
    A transfer is the movement of assets, funds, or ownership rights from one place to another. A transfer is also used to describe the process by which ownership of funds or assets are reassigned to a new owner
    www.investopedia.com/terms/t/transfer.asp
    Transfer means shifting of an employee from one job to another, one unit to another or one shift to another and may involve a new geographical location. Transfers may be initiated by the organisation or by the employees with the approval of the organisation.
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