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Transfers: meaning, definitions 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

Etymology

  • 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.

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.

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.