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  2. Share Prices
  3. Finance Glossary
  4. Terms Beginning With W
  5. Wire Transfer

Wire Transfer

Definition of 'Wire Transfer'

A method of payment such that the clearing house debits the participant’s cash account and pays the funds externally to the beneficiary’s account held by another bank.

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Related Terms

Bad DeliveryBook Entry TransferEFTPOSElectronic Funds Transfer at a Point of SaleTransfer FormAssignmentBearer SharesCentral Gilts OfficeCertificationClearing SystemCRESTEconomic RentEx Dividend StockExternalisationExternalizationFive-Day Rolling SettlementFloatHerstatt RiskMixed EconomyTakedown Schedule

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