Transferrable

Transferable, as an adjective, describes something that can be passed from one person, place, or thing to another. This typically involves the conveyance of rights, responsibilities, ownership, or characteristics. It often implies an ability to be moved, assigned, or conferred, without necessarily losing its original value or meaning in the transition. Transferability hinges on factors like legal frameworks, contractual agreements, or the inherent properties of the subject being transferred, and is a crucial concept in diverse fields like finance, law, and genetics. Ultimately, it signifies a potential for relocation, change of ownership, or dissemination across different entities or domains. The ability of an item or piece of information to be easily transferred to another location or person.

Transferrable meaning with examples

• The airline ticket was non-transferable, meaning it could only be used by the original purchaser and could not be assigned to someone else. This strict policy was enforced to prevent ticket scalping and ensure accurate passenger information, which impacted travel plans significantly when my friend was unable to attend, meaning she could not give the ticket to me.
• A transferable skill, such as problem-solving or communication, could be applied to various jobs or industries, increasing an individual's employability. Her ability to effectively manage projects and lead teams was considered a transferable asset that made her highly desirable by several companies. This adaptability opened doors to new career opportunities.
• The company's intellectual property, including patents and trademarks, was transferable, allowing it to be sold or licensed to other organizations. This gave the company an ability to leverage its assets. The financial value of their intellectual property, like patents and trademarks, made the transfer a lucrative move in order to increase revenue.
• The benefits of the employee assistance program, such as counseling services, were transferable to immediate family members, providing support to both employees and their dependents, and ensured care was always available. This extended coverage strengthened the program's value and increased its impact on employee well-being, providing a comprehensive safety net.
• The genetic predisposition to a certain disease was found to be transferable through inheritance, highlighting the importance of family medical history. Understanding this transferability allowed for early detection and preventative measures to safeguard future generations, emphasizing proactive healthcare.