money transmission - definition in the Business English Dictionary - Cambridge Dictionaries Online

Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

English definition of “money transmission”

money transmission

noun [U]
 
 
FINANCE, BANKING
the act of moving money between bank accounts or from one person or organization to another: Another development has been the growth of electronic money transmission. Banks will be obliged to tell customers up front how much they charge for cash machine, cheque, and other money transmission services.
(Definition of money transmission from the Cambridge Business English Dictionary © Cambridge University Press)
What is the pronunciation of money transmission?
Add Cambridge dictionaries to your browser to your website

Word of the Day

decider

a final game or competition that allows one person or team to win, or the winning point scored

Word of the Day

What’s All The Commotion About? (Words to describe sounds)

by Kate Woodford,
May 20, 2015
​​​ In this post we look at a range of words and phrases that we use to describe noise and the absence of noise. Starting with complete quiet, we sometimes use the noun hush to describe silence: A hush fell over the room as the bride walked in./There was a deathly hush (=complete

Read More 

ancestral health noun

May 25, 2015
diet based on the presumed diet of our Palaeolithic ancestors ‘Ancestral health,’ to use a term popular among Paleo followers, has gone mass.

Read More