Wire transfer

• An electronic communication that, via bookkeeping entries, remove funds from the payer's bank and deposit them in the payee's bank, thereby reducing collection float.

 Embedded terms in definition
 Collection float
 Related Terms
 Bank wire
Book transfer
Depository transfer check
Transfer agent
Transfer price
Wire house

<< Wire house Wireability >>

Tips for Trying to Fix a Clogged or "Frozen" Home Equity Line: For years, homeowners have turned to home equity lines of credit (HELOCs) as a way to borrow against their home's value to pay for college tuition, home improvements, medical bills and other major expenses. (A home's equity is the market value minus what is owed on the mortgage. If you owe $100,000 on your mortgage but your home is worth $250,000, your equity is $150,000.) More...

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