Daily Almanac for
May 26, 2012
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Dictionary


electron'ic funds' trans"fer




the use of telecommunications networks to transfer funds from one financial institution, as a bank, to another, or to withdraw funds from one's own account to deposit in a creditor's. Abbr.: EFT

Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.

electronic flashelectronic ignition
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