×

fedwire meaning

  "fedwire" in a sentence
  • [Economics]
    A high-speed electronic link in the USA between the 12 Federal Reserve Banks and the Treasury, used to move large sums of money for themselves and their customers. The transactions are often completed within minutes of being initiated.

  • [Finance]
    A wire transfer system for high-value payments operated by the Federal Reserve System.

Examples

    More:   Next
  1. federal reserve wire network fedwire united states
  2. CHIPS differs from the Fedwire payment system in three key ways.
  3. Banks use the CHIPS or Fedwire system to actually effect the payment.
  4. In 2009 Fedwire originated $ 631 trillion in transfers.
  5. It operates the Fedwire money transfer system that moves more than $ 1 trillion a day.

Related Words

  1. federative republic of brazil meaning
  2. federico fellini meaning
  3. federita meaning
  4. fedora meaning
  5. feds meaning
  6. fee meaning
  7. fee farm rent meaning
  8. fee for service meaning
  9. fee for service plans meaning
  10. fee for service reimbursement meaning
PC Version