Skip to main content

non-monetary transactions

Title English: 
non-monetary transactions
Definition English: 
Transactions that do not result in a transfer of funds between accounts. Nonmonetary transactions can be something as simple as a change of address or can refer to more complex transactions in the financial sector. For example, a $0 deposit to initiate an automated clearing house transaction (e.g., direct deposit or auto-withdrawal) would be considered a non-monetary transaction.
Title Arabic: 
معاملات غير نقدية
Domain: 
Economic Development
Subject: 
Banking Statistics
InformationType: 
Term
SourceSymbol: 
language staff