Electronic funds transfer systems. For example, in the United States, they may be referred to as "electronic checks" or "e-checks". In the United Kingdom, the term "bank transfer" and "bank payment" are used, while in several other European countries "giro transfer" is the common term. EFTs include, but are not limited to: Electronic funds transfer Electronic funds transfer (EFT) are electronic transfer of money from one bank account to another, either within a single financial institution or across multiple institutions, via computer-based systems, without the direct intervention of bank staff. According to the United States Electronic Fund Transfer Act of 1978 it is
Slang legal setting, as both are arenas in which standard language is considered necessary and/or whether the term has been entered in the Oxford English Dictionary, which some scholars claim changes its status as slang. It is often difficult to collect etymologies for slang terms, largely because slang is a phenomenon of speech, rather than written language and etymologies which are typically traced via corpus. Eric Partridge, cited as the first to report on the phenomenon of slang in a systematic and linguistic way, postulated that a term would likely be in circulation for a decade before it would be written