remitment

[ri-mit-muhnt]

remitment Definition

• 1. the act of remitting or sending back something
• 2. a sum of money that is sent as a payment or gift

Using remitment: Examples

Take a moment to familiarize yourself with how "remitment" can be used in various situations through the following examples!

• Example

  The remitment of the package was delayed due to the weather conditions.

• Example

  He made a remitment of $500 to his family back home.

• Example

  The company has a policy of remitment of all excess funds to shareholders.

remitment Synonyms and Antonyms

Synonyms for remitment

• payment
• remittance
• transmission
• transfer

Phrases with remitment

• electronic remitment advice

  a notification sent to a recipient's bank account when a payment is made

  Example

  The company sends an electronic remitment advice to the supplier's bank account after every payment.

• foreign remitment

  a transfer of money from one country to another

  Example

  The bank charges a fee for foreign remitment transactions.

• remittance slip

  a document used to send a payment by mail

  Example

  He filled out the remittance slip and mailed it along with the check.

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Summary: remitment in Brief

'Remitment' [ri-mit-muhnt] refers to the act of sending back something or a sum of money sent as a payment or gift. It can be used in contexts like 'The remitment of the package was delayed due to the weather conditions.' and 'The company has a policy of remitment of all excess funds to shareholders.' Phrases like 'electronic remitment advice' and 'foreign remitment' are also commonly used.