Remit

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Remit

To pay for purchases by cash, check, or electronic transfer.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Remit

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

remit

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.
References in periodicals archive ?
The investment return in both the host country and in Pakistan is highly significant indicating that remitters respond to variations in investment opportunities in the host country and in Pakistan.
Home remittances through the banking system can be increased substantially if the banks adopt speedy and easy systems for the home remitters.
As long as the remitter goes to a bank that cooperates with Western Union, they can send the remittance to recipients overseas within one day to any overseas bank within Western Union's network.
The grand jury also indicted Pedro Perez Jr., 65, of Broken Arrow, who owns and operates Servicios Perez, another money remitter business alleged to have laundered drug proceeds to a Mexican source of supply.
Currency analysts predict that the UAE dirham will continue to strengthen in the second half of this year, hence, advising big-ticket remitters to hold their cash for now and remit a bit later when the same dirhams will fetch more currency on remitting.
A statement issued said SBP's executive director, Syed Irfan Ali agreed with ECAP's secretary general Zafar Paracha's recommendation and pledged one rupee will be given per US dollar to the foreign remitter directly.
Quartell was the remitter of over $2,032,160 between January 25, 2008 and February 13, 2008 while Nomirex transferred to Balec $234,448 on December 24, 2007.
In response to a call by the Working Group, AUSTRAC produced a report, Bank Derisking of Remitter Customers, (76) The report, largely based on AUSTRAC's financial and remitter registration data (especially International Funds Transfer Instructions (TFTIs')), found that more than 700 accounts of remittance businesses were closed between January 2014 and April 2015.
We assumed that the non-remitter group with late-onset depression at 24 weeks had impairment in executive function, therefore had similar impairment in CVFT to the patients in the above study (13) and that the remitter group had similar performance to the healthy controls.
The solution: common remitter services, available to both non-ERISA and ERISA plans with multiple providers.
"International remittances from abroad into accounts domiciled [here] after the grace period will be processed with delays and additional processing fees if the IBAN is not provided by the remitter," added Robert Thomson, chief manager for information technology at the Central Bank of the UAE.