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Meaning of wire transfer

wire' trans"fer

Pronunciation: [key]
  1. an order transmitted by telephone, telegraph, or electronically from one bank to another to pay or credit money to a payee designated by a payer.

wire-trans•fer

Pronunciation: (wīr'trans-fûr', -trans'fur), [key]
— -ferred, -fer•ring.
  1. to transmit (money or credit) by wire transfer.
Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.