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Transfers Meaning: Definition and Examples

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transfers

[ˈtrænsfərz ]

Definitions

Context #1 | Noun

money

The action of transferring something or the process of being transferred.

Synonyms

payment, remittance, transaction.

Which Synonym Should You Choose?

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Word Description / Examples
transaction

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.
remittance

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.
payment

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.

Examples of usage

  • Online transfers are becoming more popular nowadays.
  • The bank charges a fee for international transfers.
Context #2 | Noun

sports

A player who changes from one team to another.

Synonyms

move, signing, switch.

Which Synonym Should You Choose?

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Word Description / Examples
transfers

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.
move

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.
switch

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.
signing

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.

Examples of usage

  • The football club signed two new transfers during the summer transfer window.
  • The basketball team made a high-profile transfer to strengthen their squad.
Context #3 | Verb

move

To move from one place to another.

Synonyms

move, relocate, shift.

Which Synonym Should You Choose?

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Word Description / Examples
move

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.
relocate

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.
shift

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.

Examples of usage

  • The patient was transferred to a different hospital for specialist treatment.
  • The company transferred him to their office in New York.

Interesting Facts

Education

  • In education, 'transfers' can refer to students changing schools or programs, often to pursue better opportunities.
  • Many universities offer transfer credits, allowing students to apply previous coursework towards a new degree.
  • Transfer assessments help educators understand how well students adapt to new learning environments.

Finance

  • In banking, 'transfers' refer to the movement of money between accounts, whether personal or between institutions.
  • Digital payment services have made transfers quicker and more convenient, reducing the need for physical checks.
  • International transfers often come with fees and exchange rates, affecting how much money actually arrives.

Sports

  • In sports, player transfers are common and can significantly impact team dynamics and performance.
  • Transfer windows in professional sports define the periods when teams can buy, sell, or loan players.
  • Famous player transfers have reshaped leagues, such as when high-profile players move to attract more fans.

Technology

  • Data transfers between devices are essential for sharing files via Wi-Fi or Bluetooth.
  • Cloud storage has revolutionized data transfers, allowing easy access to files from anywhere with an internet connection.
  • Transfer protocols dictate how data is moved across networks, ensuring security and efficiency.

Origin of 'transfers'

Main points about word origin

  • The word comes from the Latin 'transferre', where 'trans' means 'across' and 'ferre' means 'to carry'.
  • It first appeared in English in the late 14th century, initially used in legal contexts.
  • Over time, the word broadened to encompass various forms of moving items, ideas, and rights.

The word 'transfers' originated from the Latin word 'transferre', which means 'to carry across'. The concept of transferring has been integral to human societies throughout history, whether it be transferring goods, information, or individuals. In the modern context, transfers play a crucial role in various fields such as finance, sports, and logistics.

See also: transfer, transferable, transference, transferences, transferor, transferring.

Word Frequency Rank

With rank #4,520, this word represents useful upper-intermediate vocabulary. Understanding and using it will help you express more complex ideas effectively.