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People also ask
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What is a payment remittance form?
A remittance letter is sent to a supplier to inform them of the payment being made by the customer. Typically, a check is enclosed with the letter. However, a remittance letter could also be sent by itself–or without a check–informing the company that a payment was made via another method, such as a wire transfer.
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What is a monthly remittance?
an amount of money that you send to someone: She sends a small remittance home to her parents each month. [ U ] the act of sending payment to someone: remittance advice/information.
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What is remittance in payment?
A remittance refers to a money transfer that is sent as a payment or gift to another party. You may send a payment remittance to meet a bill or invoice obligation. Transfers sent abroad from foreign workers to their family in a native country are also known as remittances.
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What does monthly remittance mean?
Monthly Remittance means the monthly payment made to the City by the Contractor as specified in Article 6. Sample 1. Monthly Remittance . The total of the related Interest Remittance Amount and the related Principal Remittance Amount required to be remitted to the Indenture Trustee on each Remittance Date.
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What is an example of a remittance?
Although a remittance can be a payment sent in response to receiving a bill, it's a term that's also used to describe funds sent internationally. For instance, when money is sent by someone in the U.S. to family or friends in another country, they are sending a remittance.
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