👉 A transfer is a process in which one thing (the source) becomes another thing (the destination). For example, if you have two pens and you want to share them, you can do this by transferring one pen from one hand to the other. This transfer involves exchanging things between different places or people.
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What is the definition of Transferral? 🙋
👉 A transfer is a change in ownership or status of an entity, typically involving the exchange of assets and liabilities between two parties. In legal terms, it involves transferring ownership rights from one party to another, which can include acquiring new property or assets from the original owner. For instance, if a company sells its shares to another company for cash, this transaction is considered a transfer. Similarly, if an individual transfers their home to a spouse or children, this is also considered a transfer since it involves the
