Definition of Remittance
Remittance
re·mit·tance
Definition/Meaning
(noun)
Payment of money sent to a person or organization, often from a distance.
e.g. The company processed the remittance and deposited it into the employee's account.
(noun)
the action of sending or transmitting a sum of money either as a payment or as a gift;
e.g. They graciously accepted her remittance and put it to good use.
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