What does T/T mean in Accounting?
This page is about the meanings of the acronym/abbreviation/shorthand T/T in the Business field in general and in the Accounting terminology in particular.
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What does T/T mean?
- Telegraphic transfer
- Telegraphic Transfer or Telex Transfer, often abbreviated to TT, is a historic term used to refer to an electronic means of transferring funds overseas. A transfer charge is collected while sending money. Historically "T/T," meant a cable message from one bank to another in order to effect the transfer of money. Prior to the existence of electronic payment networks this was often directly between banks via a Telex message.