Fund Transfer definition

Fund Transfer means any transaction carried out on behalf of a payer through a Financial Institution by electronic means with a view to making an amount of funds available to a payee at a beneficiary institution, irrespective of whether the payer and the payee are the same person;
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Fund Transfer refers to any payment initiated from your account held with the “Bank”
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Fund Transfer means a transfer of the assets of the Fund to a successor fund pursuant to a liquidation, dissolution or winding up of the Fund or a distribution of all or substantially all of the Fund's assets and property to a successor fund.
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Examples of Fund Transfer in a sentence

  • The COE may deduct any sum due to it by the Bidder under any of the provisions of this contract from any sum due to the Bidder.All payments to bidders will only be made by means of Electronic Fund Transfer (EFT).

  • If the discrepancy noted is the result of an electronic fund transfer, then the provisions of Our Electronic Fund Transfer Agreement with You will control resolution of the matter.

  • Lender may require that Borrower pay such reinstatement sums and expenses in one or more of the following forms, as selected by Lender: (aaa) cash; (bbb) money order; (ccc) certified check, bank check, treasurer’s check, or cashier’s check, provided any such check is drawn upon an institution whose deposits are insured by a U.S. federal agency, instrumentality, or entity; or (ddd) Electronic Fund Transfer.

  • The County of Orange offers Contractors the option of receiving payment directly to their bank account via an Electronic Fund Transfer (EFT) process in lieu of a check payment.

  • I/We understand that the credit transfers hereby authorised will be processed by computer through a system known as the “ACB Electronic Fund Transfer Service” and I/We also understand that no additional advice of payment will be provided by my/our bank, but details of each payment will be printed on my/our bank statement or any accompanying voucher.


More Definitions of Fund Transfer

Fund Transfer. We mean: A debit from Your Business Account as a direct result of an electronic transfer of funds for a business-related transaction. A Funds Transfer excludes payments made in cash.
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Fund Transfer means any instructions (other than cheques) given to a financial institution to pay or deliver funds /
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Fund Transfer means outward transactions made by Axis Bank customer through their internet banking to beneficiary abroad.
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Fund Transfer. We mean: A debit from Your Account as a direct result of an electronic transfer of funds for a personal transaction. A Funds Transfer excludes payments made in cash and payments made by any person who You know or are familiar with and who You have authorised to make use of the Access Device. For goods and/or services advertised via classified advertisements, cover is limited to 30 (thirty) percent of the cover limit reflected on the Policy Schedule.
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Fund Transfer means any of the following activities carried out by the customer through Axis Internet Banking – NEFT/RTGS/IMPS/Axis to Axis Transfer.
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Fund Transfer means the transfer of the Fund Assets by XXXX to the JAF NDT to be created by Seller.
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Fund Transfer means any transfer of funds that is initiated through an electronic terminal, telephone, computer, or magnetic tape for the purpose of ordering, instructing or authorizing a Bank to debit or credit an Insured’s Account. Electronic fund transfer includes but is not limited to:
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