settlement
B1CEFR level
20/100Rarity: fairly common
TechnicalRegister
The final transfer of funds that clears a payment between the parties' banks.
The sale showed instantly on her app, but settlement into the seller's account took two working days.
Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.
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