Retransfer: meaning, definitions and examples
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retransfer
[ riːˈtrænsfɜr ]
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
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.
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
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.
Etymology
The word 'retransfer' is a compound of the prefix 're-', meaning 'again' or 'back', and 'transfer', which comes from the Latin 'transferre', where 'trans' means 'across' and 'ferre' means 'to carry'. Thus, 'retransfer' retains the idea of carrying something back across to its original state or position. The term has been commonly used in financial contexts since the late 20th century, coinciding with the increase in electronic transactions and the complexity of asset management. Its usage reflects the evolving nature of transactions in a digital economy, where errors can be rectified with a simple command, making retransfer an important term in banking and finance.