Remittance

Remittance

Sum of money forwarded from one person or one entity to another, either by cash or by negotiable instrument, usually in payment of an invoice for goods or services purchased.

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Part of Speech: noun
Synonym(s):
Blossary:
Industry/Domain: Banking
Category: Investment banking
Company: UBS
Product:
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Related terms

remittance

Banking; Investment banking

Sum of money forwarded from one person or one entity to another, either by cash or by negotiable instrument, usually in payment of an invoice for goods or services purchased.

remittance

Accounting; Auditing

Sending money to someone at a distance. A remittance advice is a paper record of the amount sent, purpose of the payment, and associated account identification.

remittance

Legal services; Commerical law

remittal-money sent through check, or kind of check by bank

remittance

Transportation; Shipping

Funds sent by one person to another as payment.

remittent

Language; Dictionaries

Remitting; characterized by remission; having remissions.

remitter

Language; Dictionaries

One who makes remittance.

dirty floating

Banking; Investment banking

Currency policy which in principle recognizes the free movement of exchange rates but where interventions are nonetheless made with some frequency in an attempt to influence the ...

economic viability

Banking; Investment banking

Credit system mainly used in property financing and defined as the burden on the borrower's income (expressed as a percentage) that the cost of a property will incur.

summary bill enforcement procedure

Banking; Investment banking

Especially rapid summary bankruptcy proceedings brought against bill and cheque debtors whose names are entered in the commercial register.

share index

Banking; Investment banking

Indicator showing changes in the average prices of shares or groups of shares on the stock market. In Switzerland the most commonly used equity price indices are the Swiss ...

benchmark

Banking; Investment banking

Reference parameter (e.g. a share index or an index portfolio) used to compare the performance of a portfolio. A benchmark that is an index is also called a reference index.

standing order

Banking; Investment banking

Payment product which enables the client to give an order to the bank to make regular payments for the same amount and execution date.

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