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fedwire

 

Definitions from the Web

Fedwire

Part of Speech: Noun

Sense 1: The Federal Reserve Wire Transfer System, a real-time gross settlement funds transfer system operated by the United States Federal Reserve Banks.

Example Sentence 1: When making large transactions, financial institutions often rely on the speed and security of Fedwire.

Example Sentence 2: The company utilized Fedwire to transfer funds to its international partners.

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Other Senses and Usages:

Part of Speech: Adjective

Sense 1: Pertaining to or associated with the Federal Reserve Wire Transfer System.

Example Sentence 1: The bank ensured its employees received proper training on the Fedwire system.

Example Sentence 2: A Fedwire transaction is considered one of the safest and most reliable methods of transferring funds.

Part of Speech: Verb

Sense 1: To transfer funds using the Federal Reserve Wire Transfer System.

Example Sentence 1: The customer requested to Fedwire the payment directly to the supplier's account.

Example Sentence 2: Can you please Fedwire the remaining balance before the deadline?

Part of Speech: Adverb

Sense 1: Describing an action done in the manner of the Federal Reserve Wire Transfer System.

Example Sentence 1: The payment was processed Fedwire, ensuring immediate availability to the recipient.

Example Sentence 2: The financial institution provides services to send international transactions Fedwire.

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