transfer of ownership

Deed changes hands

Transfer of ownership is the legal process by which rights to property, assets, or goods pass from one party to another.

This can occur through sale, gift, inheritance, or other mechanisms recognized by law.

The phrase appears frequently in contracts, real estate transactions, and discussions of intellectual property.

The transfer of ownership was complete once both parties signed the deed.

Until transfer of ownership occurs, the original holder typically retains responsibility for the item in question.

Related

change of hands · gift · title · legal title · barter · deed of trust · inheritance · pass down · valuation · fair market value · donation · trade · merger · acquisition · capital gains tax · contract law · purchase agreement · sign over

Categories
Opposites
permanence of possession

transfer of ownershiplease

Temporary use contract

loan · rental · temporary possession · lending · borrowing

direction of property rights

transfer of ownershipreclamation

Recovery of something lost

repossession · reacquisition · confiscation · seizure · keeping

Family

transfer, ownership, transfers, transferred, transferring, transferable, transference, owner, owners

Familiarity
Top 200,000
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Used worldwide · Timeless · Abstract · Rated G