Direct Transfer

Direct Transfer
A transfer of assets from one type of tax-deferred retirement plan or account to another. Direct transfers are not considered to be distributions and are therefore not taxable as income or subject to any penalties for early distribution. This type of transfer is now usually done electronically, without a check being cut from one custodian to another.

Direct transfers can be effected by the account or plan owner by filling out the requisite paperwork. Most transfers take several days to complete, although this process is now generally faster in the electronic and computer age than in the past. Direct rollovers from qualified plans are a form of direct transfer.


Investment dictionary. . 2012.

Игры ⚽ Нужен реферат?

Look at other dictionaries:

  • direct transfer flap — immediate transfer f …   Medical dictionary

  • Direct transfer gravure process — Глубокая печать с формного цилиндра, изготовленного способом прямого копирования изображения с фотоформы на фотополимерное покрытие (без пигментной копии) …   Краткий толковый словарь по полиграфии

  • direct debiting — direct transfer of funds from one bank to another …   English contemporary dictionary

  • transfer — {{Roman}}I.{{/Roman}} noun 1 change of place/situation ADJECTIVE ▪ massive ▪ The war caused a massive transfer of population. ▪ efficient, smooth, successful ▪ the smooth …   Collocations dictionary

  • direct culture — a culture of microorganisms made by direct transfer from a natural source to an artificial medium …   Medical dictionary

  • direct debit — n. direct transfer of funds from one bank to another; payment method where the payer permits the payee to take money from directly from his bank account …   English contemporary dictionary

  • Direct memory access — (DMA) is a feature of modern computers that allows certain hardware subsystems within the computer to access system memory independently of the central processing unit (CPU). Without DMA, the CPU using programmed input/output is typically fully… …   Wikipedia

  • Direct Client-to-Client — (DCC) is an IRC related sub protocol enabling peers to interconnect using an IRC server for handshaking in order to exchange files or perform non relayed chats. Once established, a typical DCC session runs independently from the IRC server.… …   Wikipedia

  • direct skip — n: a generation skipping transfer of an interest in property to a skip person: a transfer that is to a person two or more generations below the person making the transfer or to a trust in which all interest is held by such persons and that is… …   Law dictionary

  • Direct and indirect realism — Direct realism argues we perceive the world directly For representationalism in the arts, see Realism (visual arts). The question of direct or naïve realism, as opposed to indirect or representational realism, arises in the philosophy of… …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”