One who makes a transfer. … [Read more...] about TRANSFEROR
TRANSFEROR
TRANSFERENCE
Scotch law. The name of an action by which a suit, which was pending at the time the parties died, is transferred from the deceased to his representatives, in the same condition in which it stood formerly. If it be the pursuer who is dead, the action is called a transference active; if the defender, it is a transference passive. … [Read more...] about TRANSFERENCE
TRANSFEREE
He to whom a transfer is made. … [Read more...] about TRANSFEREE
TRANSFERABLE
A term used In a quasi legal sense to indicate that the character of assignability or negotiability attaches to the particular instrument or that it may pass from hand to hand carrying all rights of the original holder. The words "not transferable" are sometimes printed upon a ticket receipt or bill of lading to show that the same will not be good in the hands of any person … [Read more...] about TRANSFERABLE
TRANSFER ON DEATH
A method of transferring property to a beneficiary and avoiding probate court as the transfer takes place immediately at time of death. … [Read more...] about TRANSFER ON DEATH
