credit transfer
The payment process which is initiated by the debtor seeking to make a transfer to his creditor by instructing his bank to transfer funds from his account to the creditor's bank for the account of the creditor.

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

Look at other dictionaries:

  • credit transfer — noun A method of settling a debt by transferring cash from an account at a bank or post office to the creditor s account • • • Main Entry: ↑credit * * * credit transfer UK US noun [countable] [singular credit transfer …   Useful english dictionary

  • credit transfer — ➔ transfer2 * * * credit transfer UK US noun [C or U] especially UK ► BANKING the process of moving money from one bank account to another electronically: automated/automatic credit transfer »The move to automatic credit transfer will virtually… …   Financial and business terms

  • Credit transfer — can refer to: The transfer of money from one account to another, also called a wire transfer The procedure of granting credit to a student for studies completed at another school, also called transfer credit or advanced standing. This… …   Wikipedia

  • credit transfer — credit transfers 1) N COUNT: also by N A credit transfer is a direct payment of money from one bank account into another. [BRIT] (in AM, use money transfer) 2) N COUNT If a student has a credit transfer when they change from one school or college …   English dictionary

  • credit transfer — UK / US noun [countable] Word forms credit transfer : singular credit transfer plural credit transfers British a payment made directly from one bank account to another …   English dictionary

  • credit transfer — kredito pervedimas statusas Aprobuotas sritis finansų rinka apibrėžtis Mokėjimo paslauga, kai mokėtojo iniciatyva lėšos pervedamos į gavėjo mokėjimo sąskaitą. atitikmenys: angl. credit transfer vok. Ausführung von Überweisung šaltinis Lietuvos… …   Lithuanian dictionary (lietuvių žodynas)

  • credit transfer — kreditų perkėlimas statusas T sritis Švietimas ir mokslas apibrėžtis Mokymo kursų lygybės pripažinimas įvairiose šalyse ar institucijose, kai vienos institucijos suteiktų kreditų skaičius pripažįstamas kitoje institucijoje ar šalyje. atitikmenys …   Aiškinamasis kvalifikacijų sistemos terminų žodynas

  • credit transfer — /ˈkrɛdət trænsfɜ/ (say kreduht transfer) noun a system by which a sum of money due to another person is paid into a financial institution for transfer to that person s account at another financial institution or branch …   Australian English dictionary

  • credit transfer — noun A method of payment in which an amount of money (credit) is transferred directly from one account to another, in the same or different bank …   Wiktionary

  • credit transfer — An electronic system of settling a debt by transferring money through a bank or post office. The payer completes written instructions naming the receiver and giving the receiver s address and acount number. Several receivers may be listed and… …   Big dictionary of business and management

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