Fedwire

Fedwire definition - business

Fedwire

A high-speed communications system for transferring funds and ownership of book-entry securities between banks. The Fedwire is used to move bank reserves and to make credit available without delay.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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