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What is remittance and how does it work?

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Jam

Lvl 2
3y ago
Updated: 8/20/2022

Remittances are funds transferred from migrants to their home country. They are the private savings of workers and families

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Akin Azi

Lvl 5
3y ago

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Related Questions

What term is used for the money that people send back home when they work in other countries?

The term refers to Remittance. One of them is Remit Choice.


What is the prefix of remittance?

The prefix of "remittance" is "re-."


How do you spell remittance.?

The correct spelling is remittance (payment).


What is a sentence for remittance?

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


Give you an example of letter of remittance?

how make remittance letter


What is letter of remittance in business letter?

definition of remittance letter


How do you use remittance in a sentence?

This is the date when the remittance, or payment you send, must be received.


When was The Remittance Man created?

The Remittance Man was created on 1913-09-13.


How do you get a remittance?

There are a number of way to get a remittance payment. The policies for receiving this payment vary from company to company, and you should speak with your bank on how they handle remittance payments.


What is a sentence using the word remittance?

Please detach the bottom section and return with your remittance in the enclosed envelope.


What is the purpose of remittance advice?

(1) The purpose of a remittance advice is to inform the supplier that their invoice has been paid. If paid by cheque the cheque will usually be attached to the remittance advice.


What is remittance in transit?

Remittance in transit refers to a cross-border money transfer that is still in progress within the banking channel. The remitter's funds are snaking its way across to the beneficiary, and whilst it is in progress, the remittance (money transfer) is called or cited as remittance in transit.