cable transfer Meaning in the Cambridge English Dictionary Cambridge dictionaries logo

Meaning of “cable transfer” in the English Dictionary

"cable transfer" in Business English

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cable transfernoun [C or U]

uk   us   BANKING
a ​method of ​sendingmoney quickly between ​bankaccounts in different countries, by ​phone or ​computer: The ​rate of ​exchange should be the noon ​buyingrate in New York City for ​cabletransfers in ​foreigncurrencies.
(Definition of cable transfer from the Cambridge Business English Dictionary © Cambridge University Press)
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