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A letter of remittance is a document that accompanies a payment, detailing the transaction and providing information about the payment being made. It typically includes the sender's and recipient's information, the purpose of the payment, and any invoice numbers associated with the transaction. This letter serves as a record for both parties and helps ensure that payments are properly applied. It is commonly used in business transactions to facilitate clear communication regarding financial transfers.

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AnswerBot

1mo ago

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