Retransfer: meaning, definitions and examples

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retransfer

[riːˈtrænsfɜr ]

Definitions

^{Context #1 | Verb}

financial transaction

To retransfer is to transfer something back or again. This often refers to the act of sending funds or assets back to a previous holder or account after an initial transfer.

Synonyms

redirect, return, send back.

Examples of usage

The company decided to retransfer the funds after the error was discovered.
He had to retransfer the funds to avoid any penalties.
The bank will retransfer the amount if the transaction is reversed.

^{Context #2 | Noun}

financial transaction

A retransfer refers to the act or process of sending something back to its original position or owner. In finance, this may involve the return of money or assets following a transaction error or adjustment.

Synonyms

refunding, repayment, return.

Examples of usage

The retransfer was completed quickly to rectify the mistake.
Upon request, a retransfer of the funds was initiated.
The retransfer of assets is common in complex financial operations.

Interesting Facts

Etymology

The word is formed by adding 're-' (meaning again) to 'transfer,' which comes from Latin 'transferre' meaning 'to carry across.'
This term gained traction in legal and financial contexts where items, documents, or responsibilities need to be moved multiple times.

Legal Context

In legal terminology, retransfer often refers to the act of returning property or rights that have been transferred previously.
Contracts may specify conditions under which a retransfer of assets is required, indicating accountability in transactions.

Technology

In computing, retransfer can refer to transferring data again when there is a failure during the first transfer.
Protocols in data management often include retransfer methods to ensure complete and secure data transfer across networks.

Economics

In financial markets, retransfer can occur when stocks or asset ownership needs to be moved back to a previous holder under specific circumstances.
Understanding retransfer processes is crucial for compliance with financial regulations, especially in complex investment scenarios.

Art and Literature

In art, retransfer might be used to describe the process of artists changing mediums or moving a piece to a new format or style.
Literary works sometimes explore themes of retransfer, where characters revisit past locations or relationships, reflecting on changes or growth.