Simple English definitions for legal terms
Read a random definition: Dodd-Frank: Title XVI - Section 1256 Contracts
Remittance: When you send money to someone else to pay for something or as a gift, it's called a remittance. You can use different ways to send money, like a check or online transfer. The process of sending money is also called remittance.
Remittance is when someone sends money to another person or place as payment for goods or services. It can also refer to the instrument used to send the money, such as a check or wire transfer.
These examples illustrate how remittance is used to send money for different purposes, such as paying rent, helping family members, or receiving payment for work. It can be done through various methods, such as wire transfers or checks.