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Remittance. A remittance is a non-commercial transfer of money by a foreign worker, a member of a diaspora community, or a citizen with familial ties abroad, for household income in their home country or homeland. Money sent home by migrants competes with international aid as one of the largest financial inflows to developing countries.
The REMIT definition of a "market participant" applies to any legal or natural person carrying out transactions in wholesale energy products. In particular, the definition encompasses energy traders, transmission system operators , regulated exchanges for electricity or gas markets and energy brokers.
Remittance advice. Remittance advice is a letter sent by a customer to a supplier to inform the supplier that their invoice has been paid. If the customer is paying by cheque, the remittance advice often accompanies the cheque. The advice may consist of a literal letter (e.g., "To Whom it May Concern: Your shipment of the 10th inst was received ...
The Society for Worldwide Interbank Financial Telecommunication ( Swift ), legally S.W.I.F.T. SC, is a cooperative established in 1973 in Belgium ( French: Société Coopérative) and owned by the banks and other member firms that use its service. SWIFT provides the main messaging network through which international payments are initiated. [ 2]
FOB (shipping) FOB ( free on board) is a term in international commercial law specifying at what point respective obligations, costs, and risk involved in the delivery of goods shift from the seller to the buyer under the Incoterms standard published by the International Chamber of Commerce. FOB is only used in non-containerized sea freight or ...
Remittance, a transfer of money by a worker foreign or not to an individual or entity in his or her home country or place. Remittance advice, a letter sent by a customer to a supplier informing them that their invoice has been paid. Remittance man, an emigrant in the 19th century, often to a British colony, supported or assisted by payment of ...
Remittance by electronic funds transfer may be required [19] or preferred. Penalties for delay or failure to remit withheld taxes to tax authorities can be severe. [ 20 ] The sums withheld by a business is regarded as a debt to the tax authority, so that on bankruptcy of the business the tax authority stands as an unsecured creditor; however ...
In 1948, the Republican and Democratic parties did something unthinkable in today’s climate of ferocious political animosity: They not only held their national conventions in the same city but ...