Transfer deed

Updated: Aug 20, 2021

A legal document by which ownership of securities is transferred from the seller to the buyer. In Britain it is no longer necessary for both parties to sign such a document when disposing of a share. The seller gives his authority to the issuer of the security to remove his name from the records while the buyer’s broker simply informs the issuer of the purchaser’s name.

Reference: The Penguin Dictionary of Economics, 3rd edt.

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James Knight
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James is the Editor of Education for Invezz, where he covers topics from across the financial world, from the stock market, to cryptocurrency, to macroeconomic markets.... read more.