Remit business definition
WebOct 4, 2024 · However, this extra speed comes at a cost—ACH transfers are normally free, whereas wire transfers can cost anywhere from $25 to $50. Another important distinction is where the money is sent ... WebTo transmit or send. To relinquish or surrender, such as in the case of a fine, punishment, or sentence. An individual, for example, might remit money to pay bills. West's Encyclopedia of American Law, edition 2. Copyright 2008 The Gale Group, Inc. All rights reserved. remit the transfer of a case from one court or jurisdiction to another.
Remit business definition
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WebMay 31, 2024 · A remittance address, which can also be called a remit to address or remit address, is just a specific address that an individual or a business uses to receive … Webremit verb [T] (SEND) formal to send money to someone: He worked as a builder in Chicago and remitted half his monthly wage to his family in the Philippines. formal to refer a …
Web2 days ago · remit in American English (rɪˈmɪt) (verb -mitted, -mitting) transitive verb 1. to transmit or send (money, a check, etc.) to a person or place, usually in payment 2. to … WebFeb 23, 2024 · A remittance is the sending of money (or its equivalent) to a recipient at a distance. But in the world of tax compliance, remittance has a different meaning. To …
Webremittance: [noun] a sum of money remitted. an instrument by which money is remitted. WebRemittance advice is a letter used by a customer to inform the supplier with information about the payment made. It contains important information such as the payment amount and what invoice numbers the payment is tendered. If an invoice is paid by check, it's common to attach a paper remittance advice to the check.
WebApr 13, 2024 · Remittance definition: what it means. Remittance is a term that can be used to describe either a sum of money sent as a payment or gift or the act of sending the …
WebA remittance refers to a specific payment that is made to satisfy a particular demand. Usually, a remittance accompanies a specific order made to a business. One last thing to … hartland ct mapWebMay 4, 2024 · To remit - to send (money) to a person or place especially in payment of a demand, account, or draft¹. In other words, a remittance is the sum of money being sent, … charlie soperWebWithin its wider role to promote small business, it will have an explicit remit to promote enterprise in disadvantaged communities. 1 1 Trusts which enjoy tax-exempt status must conform strictly to their remit and cannot disburse any surplus monies except to fulfill their stated objectives. 0 1 charlies on the esplanade cairnsWebto transmit or send (money, a check, etc.) to a person or place, usually in payment. to refrain from inflicting or enforcing, as a punishment, sentence, etc. verb (used without … hartland dentist for implantsWebBritannica Dictionary definition of REMIT. [+ object] formal. 1. : to send (money) as a payment. Please remit $1,000 upon receipt of this letter. Payment can be remitted by check. 2. : to cancel or free someone from (a punishment, debt, etc.) The governor remitted the remainder of her life sentence. charlies opticWebremit to v. 1. To transmit money to someone: You must remit the tuition to the registrar today. 2. To refer a legal case to another court for further consideration or action: The judge remitted the case to the state court. See also: remit, to The American Heritage® Dictionary of Phrasal Verbs. charlies or charlie\\u0027sWebUnder federal law, a remittance transfer provider is a company that, in the normal course of business, transfers money electronically for consumers in the United States to people and businesses in other countries. Remittance transfer providers include many money transmitters, banks and credit unions, and hartland devon bus times