Giro (Noun)
Meaning 1
A check given by the British government to someone who is unemployed; it can be cashed either at a bank or at the post office.
Classification
Nouns denoting possession and transfer of possession.
Synonyms
Hypernyms
Meaning 2
A British financial system in which a bank or a post office transfers money from one account to another when they receive authorization to do so.
Classification
Nouns denoting groupings of people or objects.
Examples
- She used the giro system to pay her electricity bill each month by mailing a payment slip and a cheque to the supplier.
- To settle the account, the client opted for a giro payment which the solicitor would then claim directly from her account.
- His social security benefits were paid to him via the giro system at the post office where he could cash them immediately.
- They received their income tax refunds by giro which saved them a trip to the bank.
- Using the giro service, she transferred funds to her landlord to pay the monthly rent on time.