Oxford Business English Dictionary for Learners of English

transaction .processing noun [u]

(IT) a type of computer system in which the computer responds immediately to a request made by a user. Each request is a transaction. -» batch processing

(Commerce) a method of dealing with a piece of business: Secure online transaction processing enables merchants to accept payment by credit card.

tran'saction taxnoun [c,u] a tax that has to be paid when sth is bought or sold: a 0.1% transaction tax on government bonds

transcontinental /.trasnz.kDnti'nentl; .trasns-; AmE -,ka:n-/ adjective

crossing a continent: transcontinental flights

transfer verb, noun

verb /trasns'f3:(r)/ (-rr-)

[+ obj or no obj] to move from one place to another; to move sth/sb from one place to another: The containers are transferred to trains at the port.

[+ obj or no obj] to pass money, shares, property, etc. from one owner to another; to pass money from one place to another: Settlement is the process by which shares are transferred from seller to buyer.

The money has now been transferred abroad.

[+ obj or no obj] to move from one job, situation, etc. to another; to arrange for sb to move: He's been transferred to Sales.

[+ obj] to officially arrange for sth to belong to sb else or for sb else to control sth: The functions of the firm's Milan branch will be transferred to its main office in Germany.

[+ obj] to copy information, music, an idea, etc. from one method of recording or presenting it to another: The digital images can then be transferred to/onto disk.

[+ obj or no obj] to change from one vehicle to another when travelling: The train was cancelled so we transferred to buses for the rest of the journey.

[+ obj] to pass a telephone call to another telephone, person, etc: I'm afraid that isn't my department. Let me transfer you.

noun /'trasnsf3:(r)/ [u,C]

see also: bank transfer, book cable credit deed of file telegraphic etc.

the act of moving sb/sth from one place, group or job to another; an occasion when this happens: Technology is constantly making the transfer of information faster, о the transfer of currency from one country to another о I've applied for a transfer.

an act of changing to a different place, vehicle or route when you are travelling: Transfer from the airport to the hotel is included in the price.

transferable /trasns'f3:rabl/ adjective that can be moved from one person, place or use to another: The MBA equips the student with a range of transferable skills (= skills that can be used in different jobs), о The licence is not transferable. ioppi non-transferable

'transfer deed fa/j^deed of 'transfer) поил [с] {Law) a legal document that shows that the owner of shares or property has changed

transferee /,traensf3:'ri:/ noun [C] {Law) a person to whom property, shares, rights, etc. are transferred See note at employer

'transfer .income {also 'transfer .payment) noun [C.U]

{Economics) money that is received from a government in the form of pensions, unemployment benefit, subsidies, etc., which is not a payment for goods or services but comes from taxes

.transfer of 'training (also 'training .transfer,

less frequent) noun [u]

(HR) the practical use in your work of skills learned in a training course

transfer of under'taking noun [c,u] (Law) the fact or process of a business passing from one owner to another: Employees' rights are protected during a transfer of undertaking by an EU regulation.

transferor /.traens'f3:ra(r)/ noun [c] (Law) a person who transfers property, shares, rights, etc. to another person See note at

employer

'transfer .payment = transfer income

'transfer pricenoun [c](Accounting) the price at which part of a company sells goods or services to another part of the company ►'transfer .pricingnoun [u]