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the use of telecommunications networks to transfer funds from one financial institution, as a bank, to another, or to withdraw funds from one’s own account to deposit in a creditor’s.
Abbreviation: EFT.


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  • Electronic frontier foundation

    body (EFF) A group established to address social and legal issues arising from the impact on society of the increasingly pervasive use of computers as a means of communication and information distribution. EFF is a non-profit civil liberties public interest organisation working to protect freedom of expression, privacy, and access to on-line resources and information. […]

  • Electroweak interaction

    /ɪˌlɛktrəʊˈwiːk/ noun 1. (physics) a type of fundamental interaction combining both the electromagnetic interaction and the weak interaction See also electromagnetic interaction, weak interaction

  • Electroweak force

    electroweak force (ĭ-lěk’trō-wēk’) A hypothetical force postulated to explain both the electromagnetic force and the weak nuclear force as two aspects of a single force.

  • Electroweak-theory

    [ih-lek-troh-week] /ɪˈlɛk troʊˌwik/ noun, Physics. 1. a gauge theory that unifies quantum electrodynamics with the theory of weak interactions.

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