Fund Transfer
/ˈfʌnd trænsˌfɜːr/
Definitions
- (n.) The legal act of moving money from one account to another, often governed by banking and financial regulations.
The contract specifies the conditions under which fund transfer must occur.
Forms
- fund transfer
- fund transfers
Related terms
See also
Commentary
Fund transfer is frequently regulated under banking law and anti-money laundering statutes; precise terms should be defined to clarify timing and liability.
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.