Remit(redirected from remittees)
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Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
To send money to remove an obligation or liability, especially electronically or through a wire service. For example, if one receives a speeding ticket and wires the city government the fine, one is said to have remitted the speeding ticket. As a noun, "remittance" also refers to the amount of money that is sent.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
To send payment for goods or services.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.