wire transfer

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Wire transfer

Electronic transfer of funds; usually involves large dollar payments.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Wire Transfer

The direct, electronic transfer of funds from one bank account to another. Wire transfer is instantaneous and is a fairly common way to send funds to another party very quickly. However, wire transfers sometimes have higher fees than, say, writing checks. Outside North America, wire transfers are sometimes known as telegraph transfers.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

wire transfer

Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.