- The act of transmitting money, bills, or the like, esp.
to a distant place, as in satisfaction of a demand, or in discharge of
an obligation. - The sum or thing remitted.
Remittances Remittances are the monies that immigrants return to their families of origin. Also called migradollars.
Remittance against acceptance Remittance against acceptance is an advance facility similar to Rem D/P except that the bill of exchange allows for term payment and
Definition
[ n.]