Financial Dictionary

This dictionary contains:
24549
financial terms

Electronic benefit transfer



Electronic benefit transfer

A system for electronic payment of government-sponsored benefit programs, using plastic cards and available point-of-sale (POS) technology. See also Magnetic Stripe Card.

RELATED TERMS
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Payment
The amount required to repay a loan, including interest and fees.



SIMILAR TERMS
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A form of banking where funds are transferred through an exchange of electronic signals between financial institution, rather than exchange of cash, checks, or other negotiable instruments.

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Electronic depository transfers
The transfer of funds between bank accounts through the Automated Clearing House (ACH) system.

Electronic funds transfer (EFT)
Transfer of funds electronically rather than by check or cash.

Electronic funds transfer systems
A variety of systems and technologies for transferring funds (money) electronically rather than by check.

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A transporter of goods which allows tracking of goods in transit electronically using a waybill number such as United Parcel, Federal Express, etc.

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PREVIOUS AND NEXT TERMS
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Elasticity of demand
The degree of buyers' responsiveness to price changes. Elasticity is measured as the percent change in quantity divided by the percent change in price.

Elasticity of supply
The degree of producers' responsiveness to price changes. Elasticity is measured as the percent change in quantity divided by the percent change in price.

Elect
The conversion of a conditional order into a market order.

Election period
The period of time during which the holder can elect to extend and extendible bond, or to retract a retractable bond.

Electronic banking
A form of banking where funds are transferred through an exchange of electronic signals between financial institution, rather than exchange of cash, checks, or other negotiable instruments.

Electronic benefit transfer

Electronic data interchange (EDI)
The direct exchange of information electronically, from one firm's computer to another firm's computer in a structured format.

Electronic depository transfers
The transfer of funds between bank accounts through the Automated Clearing House (ACH) system.

Electronic funds transfer (EFT)
Transfer of funds electronically rather than by check or cash.

Electronic funds transfer systems
A variety of systems and technologies for transferring funds (money) electronically rather than by check.

Electronic Queriable Carrier
A transporter of goods which allows tracking of goods in transit electronically using a waybill number such as United Parcel, Federal Express, etc.

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This dictionary contains 24549 terms.


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