Ownership Transfer

Assign
Assigning is the act of transferring ownership or rights from one party to another. This process involves an assignor who executes the transfer and an assignee who receives it.
Bill of Sale
A Bill of Sale is a legal document transferring ownership of goods or property from one party to another. It can serve as security for a debt or as absolute proof of a sale.
Capital Lease
A Capital Lease, in the USA, is a lease that does not legally constitute a purchase but is recorded as an asset on the lessee's books under certain conditions.
Concession Agreement
A Concession Agreement is a contract between a host government's government and a foreign firm that outlines the terms under which the firm will invest in the host country, covering aspects like taxes, profit remittance, and ownership transfer.
Free on Board (FOB)
Free on Board (FOB) is a term used in international commerce to distinguish the point at which the seller relinquishes all ownership, responsibility, and risk for the shipped goods.
Hire Purchase
Hire Purchase (HP) is a method for buying goods in which the purchaser takes possession upon an initial installment payment and gains ownership once all agreed subsequent payments are made.
Ijarah wa Iktina
An Islamic finance concept where leasing agreements transition into ownership upon repayment of the rental payments.
Real Estate Closing
Real estate closing, also known as settlement or completion, is the process where the ownership of property is transferred from the seller to the buyer. It involves the finalization of all contracts and financial arrangements, the signing of relevant documents, and the transfer of funds.
Stock Power
A power of attorney form used to transfer ownership of a registered security from the owner to another party. This document is essential in executing the transfer of securities efficiently and legally.
Stock Transfer
Stock transfer refers to the process of transferring the ownership of stock or shares from one person to another. It's a critical mechanism in corporate finance that enables the buying and selling of company shares in the stock market.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.