balance transfer Meaning in the Cambridge English Dictionary
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Meaning of “balance transfer” in the English Dictionary

"balance transfer" in Business English

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balance transfernoun [C]

uk   us  
FINANCE a ​situation in which ​debt on a creditcard is ​moved to a different ​card, usually to get a better ​interestrate: The way to refinance credit-card ​debt is through a ​balancetransfer. balancetransferrate/​offer
(Definition of balance transfer from the Cambridge Business English Dictionary © Cambridge University Press)
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