| Business / Finance Topics |
Book-entry transaction
This term has two meanings. 1) In the field of securities, it refers to a transaction which is processed without the movement of physical certificates, being effected instead by means of credit and debit entries. 2) In the field of payments, it refers to a credit or debit entry made by a credit institution on the account of a customer in accordance with a general instruction issued by the customer (e.g. for a dividend payment or bank fees). (European Central Bank)
YOU MAY ALSO LIKE
