eft

Meanings

• Noun

  An abbreviation for 'Electronic Funds Transfer'.

  - "He processed the eft for the client's payment."
  - "The eft system allows for fast and secure money transfers."

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Variants

List of all variants of eft that leads to same result
eft , efts , EFT , EFTS

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Etymology

origin and the way in which meanings have changed throughout history.

An abbreviation of 'Electronic Funds Transfer'.

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Trivia

Any details, considerations, events or pieces of information regarding the word

1. EFT was first introduced in the late 1960s and became widely popular in the 1970s.

2. EFT is used extensively in various industries, including banking, finance, and retail.

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Related Concepts

informations on related concepts or terms closely associated with the word. Discuss semantic fields or domains that the word belongs to

1. EFT Transaction: An electronic transfer of funds from one bank account to another.

2. EFTPOS: Electronic Funds Transfer at Point of Sale. A payment method where customers use their credit or debit cards to make purchases.

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How to Memorize "eft"

1. visualize
   

   - Imagine an electronic transaction taking place between two accounts.

2. associate
   

   - Associate 'eft' with 'electronic funds transfer'.

3. mnemonics
   

   - Remember 'E' for 'Electronic', 'F' for 'Funds', and 'T' for 'Transfer'.

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Memorize "eft" using Dictozo

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