„Transfers (mail, wire, cable)“

What does Transfers (mail, wire, cable) stand for?

A transfer is the remittance of a sum of money to a party in another place. This may be accomplished by mailing cash or drafts or using the services of a commercial bank or a wire transfer company for a fee.

Source:

Mann, S. K. (2005). “The Transfer of Funds: A Global Perspective”. In Handbook of International Banking. Cheltenham, UK: Edward Elgar Publishing.

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