giro

noun

gi·​ro ˈjir-(ˌ)ō  ˈzhir- 

ˈjē-(ˌ)rō,

ˈzhē-,

especially British

ˈjī- 

: a service of many European banks that permits authorized direct transfer of funds among account holders as well as conventional transfers by check

Word History

Etymology

German, circulation (of currency), from Italian, from Latin gyrus gyre

First Known Use

1890, in the meaning defined above