ELECTRONIC FUNDS TRANSFER


Meaning of ELECTRONIC FUNDS TRANSFER in English

the use of telecommunications networks to transfer funds from one financial institution, as a bank, to another, or to withdraw funds from one's own account to deposit in a creditor's. Abbr.: EFT

[ 1970-75 ]

Random House Webster's Unabridged English dictionary.      Полный английский словарь Вебстер - Random House .