InvestorWords.com
Electronic Funds Transfer
Definition
EFT. Any transfer of funds that is initiated by electronic means, such as an electronic terminal, telephone, computer, ATM or magnetic tape.
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Nearby Terms
- Electronic Communication Network
- electronic currency trading
- Electronic Data Gathering, Analysis, and Retrieval
- electronic data processing coverage
- Electronic Federal Tax Payment System (EFTPS)
- Electronic Funds Transfer
- Electronic Funds Transfer Act
- Electronic Quotation Service
- electronic trading
- electronic trading system
- electronic transfer account (ETA)
