wire transfer

(redirected from Telegraph 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.
References in periodicals archive ?
According to the National Bank policy, New York branch of National bank makes telegraph transfer (TT) of dollars.
The investors made investment in the bogus company by using international fund telegraph transfer through bank.
In his statement, Aftab Mahmood had claimed to have laundered millions of US dollars during the period from 2008 to 2009 through at least 24 telegraph transfers (TTs) to Leader of Opposition in Punjab Assembly Hamza Shahbaz, his brother Suleman Shahbaz, his mother Nusrat Shahbaz and sister Rabia Imran.