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wire transfer |
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Wire Transfer An electronic transfer of funds across a network administered by hundreds of banks around the world. Notes: Wire transfers allow people in different geographic locations to easily transfer money. Outside of North America, wire transfers are sometimes referred to as a 'telegraphic transfer' or t/t. See also: Bank, Checking Account Wire transfer Electronic transfer of funds; usually involves large dollar payments.
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On March 5 of her retirement year, the bookkeeper presented a bank transfer slip to the CEO transferring $35,000 from savings to checking to cover that week's checks. In Japan, payment in cash or by bank transfer have until recently been the most common methods of settling utility and other bills. The federal banking agencies announced on September 28, 2005, the issuance of orders granting emergency relief to bank transfer agents affected by Hurricane Katrina. |
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Bank transfer
