cable transfer

Definitions

Banking

  • noun a transfer of money by telegraph

Forex

  • (written as Cable Transfer)
    A transfer of funds by electronic means, through the network of cables that connect financial institutions throughout the world. The use of cable transfers is also known as "wiring" money, or as a "wire transfer". Depending on what wire transfer system is used, payments may settle immediately, or may be settled periodically in batches.
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