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credit transfer

   Also found in: Wikipedia 0.01 sec.
credit transfer
n
(Economics, Accounting & Finance / Banking & Finance) a method of settling a debt by transferring money through a bank or post office, esp for those who do not have cheque accounts
Translations
credit transfer nbancogiro, postagiro


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It calls for one set of standardized instruments for credit transfers, direct debits and card payments.
The direct debit project is "a major second milestone" after a programme to standardise credit transfers was initiated in January 2008, ECB board member Gertrude Tumpel-Gugerell said.
The direct debit project is "a major second milestone" after a programme to standardise credit transfers was initiated in January 2008, ECB board member Gertrude Tumpel-Gugerell said.
 
 
 
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