Meaning of the word transference in English

What does transference mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

transference

US /ˈtræns.fɚ.əns/
UK /trænsˈfɜː.rəns/

Noun

the process of moving something or someone from one place, position, etc. to another:

Example:
UN observers were there to ensure the smooth transference of power.