Wire Fate Item


Wire Fate Item
An archaic term that refers to a request made by a bank when it sends a check or draft for encashment to a bank in a different jurisdiction, for prompt advice or notification of payment or non-payment. It is usually transmitted by bank wire or federal wire, which are high-speed electronic communication networks used for transmitting information on transfers of large dollar amounts and other extremely time-sensitive information.

"Wire fate" acknowledgments are of critical importance, since notification of non-payment of a check needs to be made to the payee as soon as possible. The term "wire" has carried over from previous generations when most time-sensitive information was transmitted by telegraph, but seems increasingly archaic in the current era of instant communication.


Investment dictionary. . 2012.

Look at other dictionaries:

  • ДОКУМЕНТ С ТЕЛЕГРАФНЫМ ПОДТВЕРЖДЕНИЕМ — WIRE FATE ITEMЧек, тратта или вексель, направленные на инкассо депозитарием или корреспондентом банка, находящимся за пределами города, с инструкцией о необходимости подтверждения по телеграфу факта принятия или непринятия документа на инкассо, т …   Энциклопедия банковского дела и финансов

  • Optimus Prime — is a fictional character from the Transformers franchise. Prime is the leader of the autobots, a faction of transforming robots from the planet Cybertron. The autobots are constantly waging war against a rival faction of transforming robots… …   Wikipedia

  • Germany — /jerr meuh nee/, n. a republic in central Europe: after World War II divided into four zones, British, French, U.S., and Soviet, and in 1949 into East Germany and West Germany; East and West Germany were reunited in 1990. 84,068,216; 137,852 sq.… …   Universalium

  • Deepwater Horizon oil spill — 2010 oil spill and BP oil spill redirect here. For other oil spills in 2010, see 2010 oil spill (disambiguation). For the 2006 oil spill involving BP, see Prudhoe Bay oil spill. For the drilling rig and explosion, see Deepwater Horizon… …   Wikipedia

  • Jeff Hardy — For the rugby league player, see Jeff Hardy (rugby league). Jeff Hardy …   Wikipedia

  • arts, East Asian — Introduction       music and visual and performing arts of China, Korea, and Japan. The literatures of these countries are covered in the articles Chinese literature, Korean literature, and Japanese literature.       Some studies of East Asia… …   Universalium

  • Supernatural (TV series) — This article is about the U.S. TV series. For the UK TV drama of the same name, see Supernatural (1977 TV series). For the UK nature show of the same name, see Supernatural: Unseen Power of Animals. Supernatural The opening title for season 7 …   Wikipedia

  • Matt Hardy — This article is about the professional wrestler. For the comedian, see Matthew Hardy. Matt Hardy …   Wikipedia

  • Nobel Prizes — ▪ 2009 Introduction Prize for Peace       The 2008 Nobel Prize for Peace was awarded to Martti Ahtisaari, former president (1994–2000) of Finland, for his work over more than 30 years in settling international disputes, many involving ethnic,… …   Universalium

  • D. B. Cooper — A 1972 F.B.I. composite drawing of D. B. Cooper Other names Dan Cooper Occupation Unknown Known for …   Wikipedia