remittance

Definitions

Accounting

  • noun money which is sent to pay back a debt or to pay an invoice

Economics

  • Payment from one country to another that is not payment for anything (goods, services, assets, the use of capital, etc.), such as a charitable contribution, a gift to family members, and government aid.

Real Estate

  • noun the sending of money to pay for goods or services
  • noun money sent as payment for goods or services
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