Definition of «electronic funds transfer»

Definitions of individual words can be found below.

«electronic»

The word "electronic" refers to anything that operates using electricity. It describes devices or systems that work with electric currents, circuits, or signals. Full definition

«fund»

The word "fund" refers to a sum of money or resources that are set aside for a specific purpose, such as supporting a project, organization, or individual. Full definition

«funding»

"Funding" refers to getting money or financial support for a particular purpose or project. It is when someone or an organization provides the necessary funds or resources to help someone or something achieve their goals or objectives. Full definition

«funded»

The word "funded" means providing money or financial support for something or someone. Full definition

«transfer»

"Transfer" means to move or shift something from one place to another. It can refer to the process of moving objects, ideas, or even people from one location, position, or situation to another. Transfer can also involve changing ownership or control of something. Full definition

Sentences with «electronic funds transfer»

  • Paying by electronic funds transfer often comes with a discount and makes it so you are more likely to keep your policy active. (thebalance.com)
  • This code is a unique code given to each branch of each bank to enable the process of electronic funds transfer. (policybazaar.com)
  • The company does, however, offer savings of up to $ 50 in installment fees to policyholders who enroll for electronic funds transfers and automatic payments. (valuepenguin.com)
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