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5 mar 2024 · Key Takeaways. A remittance is money sent to another party, usually in another country. Typically, the sender is a foreign worker and the recipient is a relative in the recipient's...
2 paź 2024 · A bank remittance is a funds transfer from one bank account to another as a gift or payment. Remittances are used to pay bills or invoices and are sent via an electronic payment system, wire transfer, mail, draft, or check.
5 cze 2024 · Definition: Remittance is the non-commercial transfer of funds by foreign workers to their home countries, typically via banks or electronic systems. Economic Importance: Remittances stabilize...
28 wrz 2022 · What is a remittance? A remittance is a sum of money transferred from one party to another – typically abroad. The term is derived from the word remit, which means to send back.
Remittance means the process of sending money from one party to another, especially when it comes to transferring funds overseas. For a business owner, remittance means transferring funds smoothly within your business network.
4 lis 2021 · The dictionary definition of a bank transfer is "sending money from one bank account to another, usually electronically". So basically, when completing a bank transfer, you look to shift your funds from your account to another. Receiving funds is also considered a bank transfer.
9 lis 2017 · To remit - to send (money) to a person or place especially in payment of a demand, account, or draft. In other words, a remittance is the sum of money being sent, generally to someplace abroad.
