sum transferred

USAGE SUMMARY

The phrase "sum transferred" is correct and usable in written English.
It can be used in financial contexts to refer to a specific amount of money that has been moved from one account to another. Example: "The sum transferred to your account will be reflected within 24 hours."

✓ Grammatically correct

News & Media

Academia

Science

Human-verified examples from authoritative sources

Exact Expressions

5 human-written examples

Paid once a month (which, by the way, hardly anyone in low-paid work ever is), the single cash lump sum transferred into a personal bank account is then the responsibility of the recipient.

The Guardian

In tracing other accounts opened by Mr. Antar under aliases, Mr. Simpson found what looked to be a large sum transferred to a Swiss account under the name David Jacob Levi Cohen.

The New York Times

Because of an editing error, an article on Saturday about the F.B.I.'s use of German intelligence information to search for additional hijacking suspects after the Sept. 11 attacks misstated the dollar equivalent of 2,000 German marks, the sum transferred to a Florida bank as a down payment to a flight school.

The New York Times

Correction: October 2, 2001, Tuesday Because of an editing error, an article on Saturday about the F.B.I.'s use of German intelligence information to search for additional hijacking suspects after the Sept. 11 attacks misstated the dollar equivalent of 2,000 German marks, the sum transferred to a Florida bank as a down payment to a flight school.

The New York Times

Similarly, across the industry, banks charge a fee on transactions that was a percentage of the sum transferred (which was probably a leftover from the days that money was transferred by check, rather than online, to account for the costs of potential loss or theft).

Harvard Business Review

Human-verified similar examples from authoritative sources

Similar Expressions

55 human-written examples

Under the law, for example, if Deutsche Bank, having agreed to register with the United States authorities in compliance with the law, were to transfer $25 million to a noncompliant Polish bank, Deutsche Bank would be required to withhold part of that sum, transferring it to the I.R.S.

The New York Times

Xoom puts its losses through fraud at 0.35% of the sums transferred.

The Economist

The guaranty agency shall provide to the Secretary a reasonable schedule for repayment of the sums transferred and an annual financial analysis demonstrating the agency's ability to comply with the schedule and repay all outstanding sums transferred.

Cornell University

It hopes to recover sums transferred abroad, but Mr. Wernikoff says that "it's going to take some time".

The New York Times

He was survived by his wife, Mary Fleur Cameron, who as his spouse would not have had to pay inheritance tax on sums transferred between them.

The Guardian

The report included copies of checks, bank statements showing large sums transferred to anti-Shiite figures and a memo calling for Shiites to be "cleansed" from Bahrain.

The Washington Post

Expert writing Tips

Best practice

When describing financial transactions, use "sum transferred" to clearly indicate the total amount of money moved from one account or entity to another. This phrase is particularly useful in formal reports or legal documents for its precision.

Common error

Avoid using "sum transferred" interchangeably with terms like "balance transfer" or "wire transfer" if the context does not specifically refer to the amount moved. "Balance transfer" implies moving debt, while "wire transfer" specifies a method of payment. Using the wrong term can lead to misunderstandings.

Linguistic Context

The phrase "sum transferred" functions primarily as a noun phrase that identifies a specific quantity of money that has been moved or conveyed. As Ludwig AI suggests, it commonly appears in financial contexts.

Expression frequency: Rare

Frequent in

News & Media

50%

Academia

33%

Science

17%

Less common in

Formal & Business

0%

Encyclopedias

0%

Wiki

0%

Ludwig's WRAP-UP

The phrase "sum transferred" is a grammatically sound and relatively infrequent way to describe a specific monetary amount that has been moved. As Ludwig AI confirms, it's correctly used in financial discussions across news, academic, and scientific domains. For alternative phrasing, consider options like "amount remitted" or "total transferred" for similar but slightly varied emphasis. When using "sum transferred", ensure clarity and avoid confusion with terms such as "balance transfer". Its precision lends itself well to formal reports and clear communication in financial contexts.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

total transferred

Focuses on the final amount that was moved, regardless of fees or deductions.

transferred funds

Highlights the funds themselves as having been moved, useful when discussing the destination or use of the money.

remitted amount

Similar to "amount remitted" but emphasizes the quantity of money sent.

amount remitted

Focuses on the action of sending money, suitable in contexts emphasizing the sender.

funds disbursed

Implies a formal or official release of money, often used in financial or organizational contexts.

funds remitted

More formal and emphasizes the action of sending the funds.

total conveyed

Emphasizes the act of transferring ownership or possession of funds.

amount dispatched

Suggests a formal or official sending of funds, often used in business or governmental contexts.

payment made

A general term for money given in exchange for goods, services, or to fulfill an obligation.

money wired

Specifies the method of transfer as electronic, highlighting the speed and technology involved.

FAQs

How can I use "sum transferred" in a sentence?

You can use "sum transferred" to describe a specific amount of money that has been moved, such as: "The sum transferred to the offshore account was substantial." or "Please verify the sum transferred matches the invoice amount."

What are some alternatives to "sum transferred"?

Alternatives include "amount remitted", "funds disbursed", or "total transferred", depending on the context and the nuance you want to convey.

Is "sum transferred" formal or informal?

"Sum transferred" is generally considered a neutral to formal phrase, suitable for financial reports, legal documents, or business communications. More informal contexts might use simpler terms like "money sent".

What's the difference between "sum transferred" and "balance transfer"?

"Sum transferred" refers to the general act of moving a quantity of money. In contrast, "balance transfer" specifically refers to the movement of debt from one account to another, often to take advantage of lower interest rates or better terms.