book-entry transaction

What is book-entry transaction?

book-entry transaction definition and meaning on Finance terms:
This term has two meanings. 1) In the field of securities, it refers to a transaction which is processed without the movement of physical certificates, being effected instead by means of credit and debit entries. 2) In the field of payments, it refers to a credit or debit entry made by a credit institution on the account of a customer in accordance with a general instruction issued by the customer (e. g. for a dividend payment or bank fees). <

 

reference: https://www.ecb.europa.eu/home/glossary/html/index.en.html

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