Fedwire(R) Value Transfer Law and Legal Definition
According to 31 CFR 203.2 [Title 31 -- Money and Finance: Treasury; Subtitle B -- Regulations Relating to Money and Finance; Chapter Ii -- Fiscal Service, Department of the Treasury; Subchapter A -- Financial Management Service; Part 203 -- Payment of Federal Taxes and the Treasury Tax and Loan Program; Subpart A -- General Information], Fedwire(R) value transfer means “a Federal tax payment made by a financial institution using a Fedwire(R) type 1000 message.”
