Payment Remittance Meaning English

Remittance is defined as money that is sent to pay for something. Remittances can be personal money transfers made to family and friends as well as business payments.

Word Of The Day Remittance Merriam Webster Uncommon Words Word Of The Day Words

The transfer of assets excluding physical transportation in exchange for cash cheques or other payment.

Payment remittance meaning english. Broadly speaking any payment of an invoice or a bill can be called a remittance. The act of sending money as a payment for something. Or credit or other payment instrument whether negotiable or non-negotiable.

Payment - a sum of money paid or a claim discharged. An example of remittance is the check sent to pay for the treadmill you bought on TV. What is the meaning of Remittance.

A remittance man is a historic term for an emigrant often from Britain to a colony supported by regular payments from home on the expectation that he stay away. 1 something as money that is given or received in return for goods or services she always mails in her remittance on time so she wont ever be charged a late fee on her electric bill. Instrument means among other things a cheque or other bill of exchange promissory note draft money.

An amount of money that is sent as a payment for something. Money or its equivalent sent from one place to another. In the case of a salaried employee minimum statutory remittances income tax pension and employment insurance deductions and other mandatory deductions paid.

One party will send funds to another individual or entity typically using electronic transfer or wire submission. A remittance is a transfer of money often by a foreign worker to an individual in their home country. What is a remittance.

How to say remittanc. Remittance refers to an amount of money transferred or sent from one party to another usually overseas. 2003-2012 Princeton University Farlex Inc.

However the term is most often used. A payment of money sent to a person in another place. A remittance is a payment of money that is transferred to another party.

Remittance - a payment of money sent to a person in another place. Workers remittances are a significant part of international capital flows especially with regard to labor-exporting countries. A sum of money paid or a claim discharged.

According to the World Bank in 2018 overall global remittance grew 10 to US689 billion including US528 billion to developing countries. Transactions of this kind are often done internationally and can be completed almost immediately. Noun the sending of money checks etc to a recipient at a distance.

An amount of money that you send to someone. How to pronounce definition audio dictionary. English Language Learners Definition of remittance.

Instruments and the paying out of a. Payment is by bank credit but staff still receive a remittance advice which confirms payment has been made. The term remittance derives from the word remit which means to send back.

See the full definition for remittance in the English Language Learners Dictionary. Payment remittance is a money exchange using a transfer. Based on WordNet 30 Farlex clipart collection.

A document that is sent by someone who makes a payment to the person receiving it with details of. In this context money is being sent in the opposite direction to todays usual usage of the term remittance which means money that migrants send to their countries of origin. A remittance advice is a document that describes payments that are being made especially the part of the invoice that the customer sends back with payment.

Order order for payment bill payment remittance ban kers acceptance coupon electronic debit. The act of sending payment to someone. Video shows what remittance means.

Money sent home by migrants competes with international aid as one of the largest financial inflows to developing countries. Corresponding sum in cash or other form by mean s of cashless transfer communicat ion remittance or o ther use of a payment and accounting system. In the case of a person who is self-employed business expenses and deductions as permitted by the Income Tax Act or similar provincial legislation minimum statutory remittances and instalment tax payments.

A payment to a remote recipient.

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