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A remittance letter accompanies a payment from a customer . The letter explains the reason for the payment so that the money is credited.

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Q: What is the definition of remittance letter?
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What is letter of remittance in business letter?

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A letter of remittance will depend upon whether you are remitting payment or requesting remittance. Sample letters can be found online or at your local library in business letters books.


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Remittance is, essentially, the act of paying. An example sentence would be: The cashier was patiently waiting for his remittance.


What is a letter of remitance?

By definition, a letter of remittance is "a document sent by a customer, which is often a financial institution or other type of firm, to a creditor or supplier along with a payment to briefly explain what the payment is for so that the customer's account will be credited properly." These letters are usually used when the customer does not have an established account with the other entity.


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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.


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