BANKING GLOSSARY
Wire
Wire Transfer
An electronic transfer of funds through banking networks.
What does Wire mean?
An electronic transfer of funds through banking networks. Professionals may calculate, document or apply this concept differently depending on the transaction, accounting method, lender policy and governing documents. Borrowers should confirm the precise definition used in any term sheet or agreement.
Wire in context
Closing proceeds may be delivered to the title company by wire.
Why it matters in financing
Wire can influence how a lender, investor or advisor evaluates risk, pricing, structure, repayment capacity or transaction economics. It should be considered together with the complete financial picture rather than used alone.
Related banking terms
Educational information only. This definition is general, may not match a particular lender or contract, and is not financial, accounting, tax or legal advice.