Definitions for transfer agent
trans·fer agent

Princeton's WordNetRate this definition:0.0 / 0 votes

1. transfer agentnoun

   an agency (usually a bank) that is appointed by a corporation to keep records of its stock and bond owners and to resolve problems about certificates

WiktionaryRate this definition:0.0 / 0 votes

1. transfer agentnoun

   An entity designated by a publicly-traded corporation to keep track of the ownership of the corporation's stocks and bonds

WikipediaRate this definition:0.0 / 0 votes

1. transfer agent

   A stock transfer agent, transfer agent, share registry or transfer agency is an entity, usually a third party firm unrelated to security transactions, that manages the change in ownership of company stock or investment fund shares, maintains a register of ownership and acts as paying agent for the payment of dividends and other distributions to investors. The name derives from the impartial intermediary role a transfer agent plays in validating and registering the purchase of new ownership shares and, in the case of a transfer of ownership, cancelling the name and certificate of shareholders who sell shares and substituting the new owner's name on the official master shareholder register. Transfer agent or stock transfer agent is the term used in the United States and Canada. Share registry is used in the United Kingdom, Australia and New Zealand. Transfer secretary is used in South Africa. A company may act as its own transfer agent or engage a third-party company to perform shareholder registry services. Transfer agents in the United States must be registered with the Securities and Exchange Commission (SEC) or a bank regulatory agency.For investment funds, transfer agent functions and fund administration are interdependent, making it desirable in some cases for fund managers to assign both services to a single third party. Transfer agent service providers may offer their services along with fund accounting, fund administration and other outsourced back-office services as a "package" for the convenience of client companies.

ChatGPTRate this definition:0.0 / 0 votes

1. transfer agent

   A transfer agent is a trust company, bank or similar financial institution assigned by a corporation or mutual fund for maintaining records of investors and account balances. They are responsible for tracking the ownership of stocks or bonds, and ensuring they are properly transferred to the new owners when bought or sold. They also handle other tasks like issuing and canceling certificates, distributing dividends, and managing lost or destroyed certificates.

WikidataRate this definition:0.0 / 0 votes

1. Transfer agent

   Public companies typically use transfer agents to keep track of the individuals and entities that own their stocks and bonds. Most transfer agents are banks or trust companies, but sometimes a company acts as its own transfer agent. Transfer agents perform three main functions: ⁕Issue and cancel certificates to reflect changes in ownership. For example, when a company declares a stock dividend or stock split, the transfer agent issues new shares. Transfer agents keep records of who owns a company's stocks and bonds and how those stocks and bonds are held—whether by the owner in certificate form, by the company in book-entry form, or by the investor's brokerage firm in street name. They also keep records of how many shares or bonds each investor owns. ⁕Act as an intermediary for the company. A transfer agent may also serve as the company's paying agent to pay out interest, cash and stock dividends, or other distributions to stock- and bondholders. In addition, transfer agents act as proxy agent, exchange agent, tender agent, and mailing agent.

Matched Categories

1. • Agency

How to pronounce transfer agent?

1. Alex

   US English

   David

   US English

   Mark

   US English

   Daniel

   British

   Libby

   British

   Mia

   British

   Karen

   Australian

   Hayley

   Australian

   Natasha

   Australian

   Veena

   Indian

   Priya

   Indian

   Neerja

   Indian

   Zira

   US English

   Oliver

   British

   Wendy

   British

   Fred

   US English

   Tessa

   South African

How to say transfer agent in sign language?

Numerology

1. Chaldean Numerology

   The numerical value of transfer agent in Chaldean Numerology is: 3

2. Pythagorean Numerology

   The numerical value of transfer agent in Pythagorean Numerology is: 4

References

1. ^ Princeton's WordNet
   http://wordnetweb.princeton.edu/perl/webwn?s=transfer agent
2. ^ Wiktionary
   https://en.wiktionary.org/wiki/Transfer_Agent
3. ^ Wikipedia
   https://en.wikipedia.org/wiki/Transfer_Agent
4. ^ ChatGPT
   https://chat.openai.com
5. ^ Wikidata
   https://www.wikidata.org/w/index.php?search=transfer agent