AUTOMATIC TRANSFER OF FUNDS
\ˌɔːtəmˈatɪk tɹˈansfɜːɹ ɒv fˈʌndz], \ˌɔːtəmˈatɪk tɹˈansfɜːɹ ɒv fˈʌndz], \ˌɔː_t_ə_m_ˈa_t_ɪ_k t_ɹ_ˈa_n_s_f_ɜː_ɹ ɒ_v f_ˈʌ_n_d_z]\
Sort: Oldest first
-
1.when funds are taken out of an account with the account holders approval. It is done on the date and for the amount agreed to without them having to do anything. 2. the time a computer places funds from one account to another to cover overdraft.
By Henry Campbell Black
Word of the day
Snake's-head
- Guinea-hen flower; -- so called in England because its spotted petals resemble the scales of a snake's head.