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What is a giro?

What is a giro? Here are some definitions.

Noun
  1. (in Europe) A transfer of funds between different account holders, carried out by the bank according to payer's written instructions.
  2. (Britain, informal) An unemployment benefit cheque.
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Examples
The service is there as an emergency resource for people who are struggling to make ends meet perhaps because an unexpected bill has turned up or a giro has been delayed.
If you pay on a normal credit bill and write a cheque or pay by giro, you can save up to a maximum of 13 per cent if you change to direct debit.
The software must also take account of different payment methods, allowing people to be paid by cheque, cash or giro.
She did finally get sent a giro for the first two weeks of her pension, last week.
The bank giro credit, or the individual credit transfer form, is the basic facility used by the banks in money transfer operations.
This makes it impossible for business payees to avoid paying charges for using acceptance giro forms.

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