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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.
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]
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 ...
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 ...
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 man. In British history, a remittance man was an emigrant, often from Britain to a British colony, who was supported by regular payments from home on the expectation that he would stay away. In this sense, remittance means the opposite of today's meaning of money that migrants send to their home countries.
v. t. e. Wire transfer, bank transfer, or credit transfer, is a method of electronic funds transfer from one person or entity to another. A wire transfer can be made from one bank account to another bank account, or through a transfer of cash at a cash office. Different wire transfer systems and operators provide a variety of options relative ...