Bank Transfer
/ˈbæŋk trænsˌfɜːr/
Definitions
- (n.) The electronic or wire transfer of funds from one bank account to another, used in financial transactions and settlements.
The client authorized a bank transfer to pay the supplier immediately.
Forms
- bank transfer
- bank transfers
Related terms
See also
Commentary
In legal drafting, specify the method and authorization details of a bank transfer to establish payment and liability precisely.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.