a means of transferring funds overseas
an electronic means of transferring funds from one bank to another, anywhere in the world
a quick way of sending money home electronically
a remittance from a bank in Japan that can deal in foreign currency exchange to a specific home country bank account
Money is transferred by coded interbank telex and as long as the exporter makes it clear to the overseas buyer exactly to which bank and account the remittance should be made, the exporter should receive very speedy payment.
A banking term commonly call "T/T," meaning a cable message from one bank to another in order to effect the transfer of money.
Most contracts provide that the balance of the purchase price will be paid either by a bankers draft or by a bank telegraphic transfer. The benefit of the telegraphic transfer is that the monies can be used by the sellers’ solicitors immediately on a related purchase by sending immediately by a similar method.
The electronic transfer of funds, the costs of which will be added to your solicitorâ€(tm)s charges, usually as a disbursement
The term Telegraphic transfer, often abbreviated to 'TT', is most often used in UK Banking to refer to a CHAPS transfer; that is a payment made via the Clearing House Automated Payments System.