book transfer


The transfer of funds from one account to another within a financial institution. The term is also used to describe transfer of ownership without the physical movement of an asset.

Use book transfer in a sentence

They made a book transfer and that was a really good thing to do because the other account needed money.

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You may want to try and offer a book transfer if you think that will be the best way for you to do the deal.

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If you transfer money from your bank account into my bank account, you will be making a transfer known as a book transfer.

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