transfer agency

USAGE SUMMARY

The phrase "transfer agency" is correct and usable in written English.
It is typically used in the context of finance and investment, referring to a company that manages the transfer of securities and maintains records of ownership. Example: "The transfer agency is responsible for processing shareholder transactions and maintaining accurate records of ownership."

✓ Grammatically correct

News & Media

Science

Formal & Business

Human-verified examples from authoritative sources

Exact Expressions

9 human-written examples

Between 1997 and 1999, Mr. Jones decided to bring in house the bank's transfer agency operations, a business which documents the ownership of securities within the firm's mutual funds.

The New York Times

"In cases where plan assets are enough to cover administrative expenses, we are willing to use our transfer agency fees to offset the plan's expenses," said Peter Smail, president of the Fidelity Institutional Retirement Group.

The New York Times

[C10.] Two to Plead Guilty to Stock Fraud The owner of a stock transfer agency and an associate are to plead guilty to federal fraud and money-laundering charges for counterfeiting 1.1 million shares of MindArrow Systems, federal prosecutors said.

The New York Times

The owner of a stock transfer agency and an associate are to plead guilty to federal fraud and money-laundering charges for counterfeiting 1.1 million shares of MindArrow Systems, a software company, federal prosecutors said yesterday.

The New York Times

"These two defendants exploited the trust placed in the transfer agency to faithfully and honestly carry out its duties to regulate the issuance and cancellation of company stock," said John S. Gordon, the United States attorney for the Central District of California.

The New York Times

They made their first fortune handling investors' paperwork at their stock transfer agency, which they sold for an estimated $900 million in 2008 to an Australian private equity firm.

Forbes

Human-verified similar examples from authoritative sources

Similar Expressions

50 human-written examples

Barclays is taking its action over concerns that money transfer agencies might not have the proper checks in place to spot criminal activity.

The Guardian - Opinion

WASHINGTON — Payday lenders, money transfer agencies, credit bureaus and debt collectors, take notice: the Consumer Financial Protection Bureau is coming after you, and quickly.

The New York Times

NEW YORK TIMES   Consumer Agency Gets Expanded Powers  |  Now that it has a director, the new Consumer Financial Protection Bureau finally has the legal standing to oversee nonbank companies like payday lenders, money transfer agencies and debt collectors, The New York Times reports.

The New York Times

The agency's most immediate focus will be on so-called nonbank financial companies — money transfer agencies, credit bureaus and private mortgage lenders, for example — which have fallen outside the authority of most regulators, Mr. Cordray said.

The New York Times

Using a mobile phone, the laborer sends money, which is routed through one of the country's major money transfer agencies.

TechCrunch

Expert writing Tips

Best practice

When you are writing financial content, consider using "transfer agency" to sound more professional.

Common error

Avoid using "transfer agency" when you mean a different type of agency, such as a travel agency or employment agency. The term specifically refers to entities handling transfers of assets or responsibilities.

Linguistic Context

The phrase "transfer agency" functions as a noun phrase, typically used as a subject or object in a sentence. Ludwig AI shows it's used to identify an entity responsible for managing transfers of assets, such as securities or funds.

Expression frequency: Uncommon

Frequent in

News & Media

50%

Science

30%

Formal & Business

20%

Less common in

Encyclopedias

0%

Wiki

0%

Social Media

0%

Ludwig's WRAP-UP

In summary, "transfer agency" is a noun phrase referring to an entity responsible for facilitating transfers, commonly of securities, funds, or even patient discharges. Ludwig AI indicates that it is grammatically correct and primarily used in news, science, and formal business contexts. While not extremely common, understanding its precise meaning is crucial, especially in financial and administrative discussions. When using the term, provide context to avoid confusion with other types of agencies.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

transfer agent

A shortened version of the original phrase.

securities transfer agent

Focuses specifically on the transfer of securities.

funds transfer service

Emphasizes the service aspect of transferring funds.

shareholder services provider

Highlights the provision of services to shareholders.

stock transfer company

Specifically relates to the transfer of stocks.

registry service

Focuses on the registration aspect of transfers.

securities registrar

Emphasizes the registration of securities.

money transfer business

Highlights the commercial aspect of money transfer.

remittance service

More specific to money transfers, often international.

payment processing company

Focuses on the processing aspect of payments.

FAQs

What does a "transfer agency" do?

A "transfer agency" typically manages the transfer of securities, maintains records of ownership, and processes shareholder transactions for mutual funds and other financial institutions.

What is another term for "transfer agency" in finance?

Alternatives include "securities transfer agent", "funds transfer service", or "shareholder services provider" depending on the specific context.

Is it correct to use "transfer agency" in the context of patient care?

Yes, it can be used in healthcare to describe an organization that supports hospital staff with discharge arrangements.

How does a "money transfer business" differ from a "transfer agency"?

While both involve transfers, a "money transfer business" like "remittance service" typically focuses on the transfer of funds, often internationally, whereas a "transfer agency" may handle a broader range of assets, including securities and ownership records.