Retransfer Meaning: Definition and Examples
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retransfer
[riːˈtrænsfɜr ]
Definitions
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.
Interesting Facts
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.
Origin of 'retransfer'
Main points about word origin
- 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.
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.