Meaning of the word: Credit transfer
Credit transfer is a type of electronic funds transfer from one bank account to another. It could be a transfer between accounts of institutions or private persons. This is a non-cash transfer of funds, from the sender to the recipient. For the identification of the payment we usually use the variable code. We can specify the payment order via Internet banking.back to dictionary >
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Interest on arrears
Interest on arrears is charged to the debtor in case that he doesn't pay his loan in time. It is not a classic sanction, but it is the refund money.…go to the dictionary >
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