funds were transferred

USAGE SUMMARY

"funds were transferred" is a correct and usable phrase in written English.
It indicates that money was moved from one place to another. Example: "After the sale of the company, funds were transferred from the seller's account to the buyer's account."

✓ Grammatically correct

News & Media

Science

Formal & Business

Human-verified examples from authoritative sources

Exact Expressions

23 human-written examples

Judge Cerda stated that the funds were transferred to private accounts abroad, often under imprecise or false names.

The New York Times

Last year's improvement was helped by a manoeuvre in which Portugal Telecom's pension funds were transferred to the state.

The Economist

Only when the Observer gets in touch does Smile discover that it forgot to remove the ringfence when the funds were transferred.

The Guardian - Money

Sigrid had set up her first charitable body in 1988, the Sea Foundation; its funds were transferred to the Ruben and Elisabeth Rausing Trust in the mid-Nineties.

The Guardian

Ms. McDonald said the action was taken to save Mr. Houlihan the bother of paperwork when the funds were transferred between accounts last March.

The New York Times

Some of the funds were transferred to companies in Switzerland and Liechtenstein registered in Ms Gordillo's mother's name, before being used to buy houses in San Diego.

The Economist

Human-verified similar examples from authoritative sources

Similar Expressions

37 human-written examples

On Tuesday, the prosecutor in Abidjan recommended that the "entirety of the funds" be transferred to Mr. Gohourou's organization.

The New York Times

When a government borrows, funds are transferred from the lender to the government, the lender exchanging his money for government securities.

Encyclopedia Britannica

Much like Mr. Dantata, the woman who officials said was posing as a wealthy entrepreneur with connections in São Tomé, Elenoa Sikivou, said she needed money while she waited for funds being transferred from Europe and Asia.

The New York Times

Pressure by the Norwegian embassy in Dhaka resulted in the funds being transferred back in 1998, and the Norwegian government has said there was no indication Grameen was engaged in corruption or embezzlement.

The Guardian

Most schemes are already closed to new members - and a growing number to existing ones as well - and there has been a sharp rise in the number of funds being transferred to insurance companies.

The Guardian - Money

Expert writing Tips

Best practice

When writing about financial transactions, ensure clarity by specifying the origin and destination of the "funds were transferred".

Common error

Avoid ambiguity by specifying who initiated the transfer. Instead of just stating "funds were transferred", clarify who transferred the funds and to whom.

Linguistic Context

The phrase "funds were transferred" functions as a statement of fact, indicating that a sum of money has been moved from one account or entity to another. Ludwig AI confirms this is a correct and usable phrase.

Expression frequency: Common

Frequent in

News & Media

36%

Science

30%

Formal & Business

20%

Less common in

Wiki

8%

Encyclopedias

4%

Reference

2%

Ludwig's WRAP-UP

The phrase "funds were transferred" is a grammatically correct and commonly used expression to describe the movement of money or assets. As Ludwig AI confirms, it is used to convey information about financial transactions in a neutral register. It is frequently found in news media, scientific publications, and formal business documents. When using this phrase, ensure clarity by specifying the source and destination of the funds. While generally neutral, context can influence interpretation, particularly if alternatives like "diverted" are considered. The related phrases provide various options for expressing similar concepts with nuances in formality and implication.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

monies were wired

Uses 'monies' instead of 'funds' and 'wired' instead of 'transferred', implying electronic transfer.

assets were moved

Replaces 'funds' with 'assets', broadening the scope to include non-monetary items.

capital was remitted

Employs 'capital' for 'funds' and 'remitted' for 'transferred', suggesting a formal or international transaction.

payments were made

Replaces the whole phrase. 'Payments were made' focus on the execution rather than the transit.

the money was dispatched

Substitutes 'funds' with 'money' and 'transferred' with 'dispatched', indicating a sending action.

cash was conveyed

Replaces 'funds' with 'cash' and 'transferred' with 'conveyed', suggesting a more physical or direct movement.

financial resources were shifted

Uses 'financial resources' instead of 'funds' and 'shifted' instead of 'transferred', emphasizing a change in location.

the balance was forwarded

Replaces 'funds' with 'balance' and 'transferred' with 'forwarded', implying a carry-over or continuation.

proceeds were diverted

Substitutes 'funds' with 'proceeds' and 'transferred' with 'diverted', suggesting a change in intended destination.

reserves were reallocated

Employs 'reserves' for 'funds' and 'reallocated' for 'transferred', indicating a redistribution of resources.

FAQs

How can I rephrase "funds were transferred" to sound more formal?

For a more formal tone, consider using phrases like "monies were wired" or "capital was remitted", depending on the context.

What's a simpler way to say "funds were transferred"?

A simpler alternative could be "payments were made", which focuses on the action of paying rather than the movement of funds.

Is it always necessary to specify who transferred the funds?

While not always mandatory, specifying who initiated the transfer enhances clarity. Omitting this information can create ambiguity.

How does "funds were transferred" differ from "funds were diverted"?

"Funds were transferred" implies a standard movement of money, while "proceeds were diverted" suggests a change in the intended destination, potentially with negative connotations.