Apr 15, 2021 09:47
3 yrs ago
28 viewers *
French term

VIREMENT CAV

French to English Bus/Financial Finance (general) French Bank Statement
I am translating French bank statements with lots of abbreviations that I can't find in the usual sources.

Any suggestions appreciated.

VIREMENT CAV

I know that VIREMENT is "transfer", but the CAV has me stumped.

Discussion

Francois Boye Apr 17, 2021:
A current account is not a banking concept. .Instead, it is a macroeconomic concept
Francois Boye Apr 15, 2021:
CAV in French = demand deposit account in English

A demand deposit account (DDA) is a bank account from which deposited funds can be withdrawn at any time, without advance notice. DDA accounts can pay interest on the deposited funds but aren't required to.

Proposed translations

+5
13 mins
Selected

TRANSFER (Current account)

CAV means "compte à vue", which is another name for "Compte courant", i.e., current account.
Peer comment(s):

agree Yvonne Gallagher
1 hr
agree Conor McAuley
1 hr
agree Marge Hogarty
2 hrs
agree Saeed Najmi
2 hrs
agree Nikki Scott-Despaigne
2 hrs
disagree Francois Boye : see my translationhttps://corporatefinanceinstitute.com/resources/knowledge/fi...
5 hrs
agree Myriam19
2 days 7 hrs
Something went wrong...
4 KudoZ points awarded for this answer.
5 hrs

on-demand transfer

An on-demand transfer occurs after a user gives a business the authorization to initiate a bank transfer to debit their funding source.


https://www.dwolla.com/features/on-demand-transfers/#:~:text...

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Note added at 6 hrs (2021-04-15 15:58:59 GMT)
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https://corporatefinanceinstitute.com/resources/knowledge/fi...

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Note added at 2 days 13 hrs (2021-04-17 23:01:08 GMT)
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on-demand BANK transfer is more precise than on-demand transfer

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Note added at 2 days 13 hrs (2021-04-17 23:02:26 GMT)
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On-demand BANK transfer is more precise than on-demand transfer
Something went wrong...
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