Some institutions require that you use the banks power of attorney forms. A bookie sets odds, accepts and places bets, and pays out winnings on behalf of other people. The bank may refer to this as a durable power of attorney. A group of methods for achieving periodic reductions in the book value of fixed assets. A book transfer is the movement of funds from one deposit account to another in the same bank.
The sale or other transfer of securities in which the name of the buyer or transferee is not recorded. The most popular abbreviation for bank transfer is. The most common use of the concept is when a bank transfers funds from the account of the payer to the account of the payee when both accounts are with the same bank. Book transfer is a way to eliminate check clearing float because unlike with interbank. Book transfers are a way to eliminate check clearing float. The definition, example, and related terms listed above have been written and compiled by the slangit team.
A change in ownership, especially of a security, that does not result in a change of location. Change your default dictionary to american english. Book bank noun meaning, pronunciation and more by macmillan dictionary. Definitions of key terms and phrases used in commercial, retail and. Dictionary, thesaurus, medical, legal, financial, encyclopedia. Requisition definition of requisition by merriamwebster. A bookie is someone, who facilitates gambling commonly on sporting events.
If you transfer money from your bank account into my bank account, you will be. For example, if you get a real estate mortgage, the banks collateral is typically. Transferring definition, to convey or remove from one place, person, etc. Wire transfer is instantaneous and is a fairly common way to send funds to another party very quickly. Bank book article about bank book by the free dictionary. Bankbook definition of bankbook by the free dictionary.
To ensure accuracy of an online bank transfer you must know the routing and the account number of the. The term is also used to describe transfer of ownership without the physical movement of an asset. For example, a stock may be sold between two clients of the same brokerage. Comprehensive list of synonyms for general words relating to banking, by macmillan dictionary and thesaurus. A transfer charge is often charged by the sending bank and in some cases by the receiving bank. A book transfer is the transfer of the legal right of ownership of an asset, without physically shifting the asset to the new owner. Banks complain about credit unions cu because they are not for profit and subsequently do not have to pay taxes. A book held by a depositor in which his or her deposits and withdrawals are recorded by the bank. A provision in a banks documents, the purpose of which is to extend the banks interest in the debtors property to property not owned by the debtor at the time of the transaction but subsequently acquired by the debtor. Dictionary term of the day articles subjects businessdictionary business dictionary.
Thus, the physical holder of the certificate is assumed to be the new owner of the securities. The first occurrences of book money are not known exactly. An indexlinked cd is a deposit obligation of the issuing bank and is often sold through bank branches and affiliated and unaffiliated brokers. Transfer verb definition and synonyms macmillan dictionary. Blank transfer financial definition of blank transfer. When performing an online bank transfer you must access your own online account. Dictionary of banking terms and phrases helpwithmybank. The transfer of funds from one deposit account to another at the same financial institution. Basel iv revised trading and banking book boundary for. However despite the competitive nature of banks and credit unions, banks have not suffered any loss in profit. Input their information and authorize the transaction. A financial institution designed to nickel and dime its members to no end.
At the first weeks of this study year, terrorists attacked book warehouses and book transfer vehicles. Free thesaurus definition of general words relating to banking from the macmillan english dictionary. A rare example of money slang from more recent times, even though it draws from the predecimal slang, since the term refers to ten shillings equivalent to 50p and alludes to the angular shape of the old theepenny bit. The transfer of funds from one account to another within a financial institution. However, wire transfers sometimes have higher fees than, say, writing checks. Outside north america, wire transfers are sometimes known as telegraph transfers. One of the most apparent changes to the trading book regime is the revised trading.
This page explains what the slang term making bank means. Information and translations of transfer in the most comprehensive dictionary definitions resource on the web. A 20p coin nearly killed my baby son the bank was the coventry savings bank, 69 hertford street, coventry, although on the back of the bank book it asks for all letters to be addressed to the actuary savings bank, coventry. The italian term comes via latin gyrus meaning gyre from the greek gyros. Unlike with interbank transfers, these intrabank transfers require little or no wait time. This is the british english definition of transfer. Bank transfer definition and meaning collins english. Bank book definition of bank book by medical dictionary. This document can be checked against the bank statement to see if the transactions are correct. Usually, the term book transfer is used more loosely to refer to any transfer transaction in which paperwork or physical goods are not exchanged. A giro or giro transfer, is a payment transfer from one bank account to another bank account.
If interests in assets of the assignor are assigned, the assignment transfers all or. Menu stock research news glossary bank syndicate bargain. Money order definition, an order for the payment of money, as one issued by one bank or post office and payable at another. The most common examples are transferring money between your paypal account and your bank account. Telegraphic transfer or telex transfer, often abbreviated to tt, is a term used to refer to an electronic means of transferring funds. After terrel davis renegotiated his contract, he made bank. Wikipedia, lexilogos, oxford, cambridge, chambers harrap, wordreference, collins lexibase dictionaries, merriam webster. British a small book showing the amounts of money that you put into and take out of your account in a building society. Bank transfer meaning in the cambridge english dictionary. Requisition definition is the act of formally requiring or calling upon someone to perform an action.
A book transfer is the transfer of funds from one deposit account to another at the same financial institution. Not only is the northern hub known for its art, music and football, but its also famed for its sometimes baffling slang that only its residents seem to be able to decipher. Achs process electronic transfers of government securities and provided customer. A book in ledger form in which are recorded all deposits, withdrawals, and. Determine the amount you would like to send to the recipient. You can complete the definition of bank transfer given by the english definition dictionary with other english dictionaries.
Lathams first book in the series was the corporate and bank finance book of jargon, from. A register that includes both deposits and withdrawals. Transferee definition, a person who is transferred or removed, as from one place to another. He transferred the package from one hand to the other. Definition and synonyms of transfer from the online english dictionary from macmillan education. Book transfer financial definition of book transfer financial dictionary.
Bank transfer financial definition of bank transfer. On the contrary, banks have enjoyed record breaking profits increasingly each year. An institution where one can place and borrow money and take care of financial affairs. Search bank transfer and thousands of other words in english definition and synonym dictionary from reverso. Adam was playing with the bank book when i suddenly heard him coughing and crying, and i realised something was wrong. Here are a few essential sayings to get to grips with before you arrive, organised into a handy dictionary that you can print off and keep in your pocket. The most common use of the concept is when a bank transfers funds from the account of the payer to the account of the payee when both accounts are with the same. Bank transfer definition in the cambridge english dictionary. In such a case, the stock certificate is unlikely to move at all.
Bankbook definition is the depositors book in which a bank records deposits and withdrawals. Historically telegraphic transfer meant a cable message from one bank to. In this book, you will find the key to the secret verbal handshakes that make up the code of the project finance community. A glossary of terms used in payments and settlement systems bis.