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 noun from the Cambridge Business English Dictionary © Cambridge University Press)
Focus on the pronunciation of money transmission

Word of the Day

exercise

physical activity that you do to make your body strong and healthy

Word of the Day

Blog

Read our blog about how the English language behaves.

Learn More

New Words

Find words and meanings that have just started to be used in English, and let us know what you think of them.

Learn More