As a noun gyros
is gyro, gyros (gloss
As a proper noun giro is
(cycling) the giro d'italia.
Other Comparisons: What's the difference?
From (etyl) .
(in Europe) A transfer of funds between different account holders, carried out by the bank according to payer's written instructions.
(British, informal) An unemployment benefit cheque.
The use of paper giros is in decline in favour of electronic payments, which are regarded as faster, cheaper and safer due to the reduced risk of fraud.