Sentences with phrase «formal transfer of ownership»

Part of the group's third phase revealed today is the testing of a formal transfer of ownership and an accurate cash equivalence definition for the transfer, in an effort to mimic what a real - time end - to - end transaction between members would look like.

Not exact matches

Closing: The final steps in the transfer of property ownership, which usually occurs at a formal meeting between the buyer, seller, and third party agent (s), where the buyer signs the manufactured home mortgage contract.

So it made sense that last year it made that formal by making them owners through an employee stock ownership plan (ESOP), a company - funded benefit plan that will, over time, transfer an increasing share of the company to the employees who are helping build it.

Submission of the transfer - of - ownership forms and escrow of funds — when the life insurance provider receives the completed life settlement contract documents in the closing package, it makes a formal request to the life insurance company for the transfer of the policy's ownership.