Meaning BANK WIRE: A computer message system linking major banks. It is used not for effecting payments, but as a mechanism to advise the receiving bank of some action that has occurred, e.g., the payment by a customer of funds into that bank's account
More terms such as Bank wire in Dictionary B.
- Definition Backdating:
- Examples mutual funds, a feature allowing fundholders to use an earlier date on a letter of intent to invest in a mutual fund in exchange for a reduced sales charge, e.g. Giving retroactive value to purchases bank wire definition.
- Definition Binder:
- Examples An amount of money paid to indicate good faith in a transaction before the transaction is completed bank wire explain.
- Definition Budget Deficit:
- Examples The amount by which government spending exceeds government revenues bank wire what is.
- Definition Buying Power:
- Examples The amount of money available to buy securities, determined by adding the total cash held in brokerage accounts and the amount that could be spent if securities were margined to the limit bank wire meaning.
- Definition Buy On Margin:
- Examples Borrowing to buy additional shares, using the shares themselves as collateral bank wire abbreviation.
