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Navigate the complex world of currency management with our comprehensive dictionary of financial terms and definitions.

Federal Reserve Wired Network (Fedwire)

Fedwire is the abbreviation for the United State’s Federal Reserve Wire Network, a real-time gross settlement funds transfer system that settles funds electronically between any of the United States banks registered in the Federal Reserve System. Each transaction is processed individually and settled upon receipt via a highly secure electronic network. Settlement of funds is immediate, final and irrevocable.