Transfers: meaning, definitions and examples

A broad term for any exchange, purchase, sale, or transfer involving money or items of value.

• Each banking transaction is recorded in the ledger.
• The transaction at the checkout took a few minutes.

Used specifically for sending money, often to a different country or to support family members.

• She sends a remittance to her parents back home every month.
• International remittance services can have high fees.

Refers to the act of giving money in exchange for goods or services.

• The payment for the new TV was processed today.
• He made a payment online for his utility bills.

Used in various contexts, particularly in business, sports, and logistics, when discussing the movement of people, goods, or assets from one place or position to another.

• He handled the transfers of funds between the accounts.
• The football team made several important transfers this season.

Commonly used in everyday language to indicate physical relocation or change in position, but can also imply non-physical changes such as changes in jobs or strategies.

• We need to move these boxes to the new office.
• She decided to move to a different company for better opportunities.

Typically used when discussing changing from one option or position to another. It can have a casual tone and be used both in personal and professional scenarios.

• She decided to switch to a different phone provider.
• He made a last-minute switch in his major from physics to chemistry.

Often used in professional contexts, particularly sports and contracts, to indicate the formal act of signing a document to confirm a new agreement or to formalize the acquisition of a player.

• The club announced the signing of a new striker.
• The signing of the contract will take place tomorrow.

This is a general term that fits a wide range of situations, from changing locations to altering positions or making progress. It's commonly used in everyday conversation.

• We have to move to a bigger house because our family is growing.
• She moved the chair closer to the window to get better light.

This word is often used in formal contexts or in reference to long-distance or permanent changes of location, particularly for homes or workplaces. It implies a significant change and usually more complexity than a simple move.

• The company plans to relocate its headquarters to the West Coast.
• After 20 years in the same city, she decided to relocate to a different country.

This word suggests a slight or temporary change in position or direction. It is often used when talking about small adjustments or changes in mindset, schedules, or workload.

• They decided to shift the meeting time from 2 PM to 3 PM.
• The political landscape is beginning to shift significantly.