The term NEW NEWT is a combination of two words, 'NEW' and 'NEWT'. The first word, 'NEW', is an adjective meaning 'not existing before; made, introduced, or discovered recently or now for the first time'. The second word, 'NEWT', is a noun referring to any of several small, usually bright-colored, semiaquatic salamanders. The crossword solution for this term is 'EFT', which stands for 'electronic funds transfer'. This is a type of electronic payment system that allows money to be transferred from one bank account to another without the use of paper documents.