wire transfers

wire transfers
One of the two major methods of electronic funds transfer. Only the payer can originate the remittance. A wire transfer's information format is completely flexible, but this flexibility adds significantly to the bank's labor costs and results in much higher fees. American Banker Glossary

Financial and business terms. 2012.

Игры ⚽ Поможем сделать НИР

Look at other dictionaries:

  • Wire transfer — or credit transfer is a method of electronic funds transfer from one person or institution (entity) to another. A wire transfer can be made from one bank account to another bank account or through a transfer of cash at a cash office. Wire… …   Wikipedia

  • Wire Transfer — An electronic transfer of funds across a network administered by hundreds of banks around the world. Wire transfers allow people in different geographic locations to easily transfer money. Outside of North America, wire transfers are sometimes… …   Investment dictionary

  • Wire Room — A financial institution’s funds transfer operation, or its operating department. This department is responsible for receiving customer orders from a registered representative, transmitting the order to the exchange floor or the firms… …   Investment dictionary

  • wire transfer — an order transmitted by telephone, telegraph, or electronically from one bank to another to pay or credit money to a payee designated by a payer. * * * wire transfer, an order conveying instructions or funds by computer from one business or one… …   Useful english dictionary

  • Wire Fate Item — An archaic term that refers to a request made by a bank when it sends a check or draft for encashment to a bank in a different jurisdiction, for prompt advice or notification of payment or non payment. It is usually transmitted by bank wire or… …   Investment dictionary

  • Police of The Wire — The Police Of The Wire includes many starring characters who play a major role in the fictional HBO drama series The Wire. This fictionalized version of the Baltimore Police Department has been examined in great detail across several departments… …   Wikipedia

  • Copper wire and cable — Copper has been used in electric wiring since the invention of the electromagnet and the telegraph in the 1820s.[1][2] The invention of the telephone in 1876 proved to be another early boon for copper wire.[3] Today, despite competition from… …   Wikipedia

  • Advance-fee fraud — African sting An advance fee fraud is a confidence trick in which the target is persuaded to advance sums of money in the hope of realizing a significantly larger gain.[1] Among the variations on this type of scam are the Nigerian Letter (also… …   Wikipedia

  • Nitsana Darshan-Leitner — Born Petach Tikvah, Israel Occupation …   Wikipedia

  • Cash management — In United States banking, cash management, or treasury management, is a marketing term for certain services offered primarily to larger business customers. It may be used to describe all bank accounts (such as checking accounts) provided to… …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”