ELECTRONIC FUNDS TRANSFER


Meaning of ELECTRONIC FUNDS TRANSFER in English

ˌelectronic ˈfunds ˌtransfer BrE AmE noun [uncountable and countable]

( abbreviation EFT ) when money is moved from one bank account, business etc to another using only computer systems

Longman Dictionary of Contemporary English.      Longman - Словарь современного английского языка.