Thing

Remittance

Remittance can also refer to the accounting concept of a monetary payment transferred by a customer to a business; see remittance advice. For a person who was exiled and sent an allowance on condition that they did not return home, see remittance man. A remittance is a transfer of money by a foreign worker to his or her home country. Money sent home by migrants constitutes the second largest financial inflow to many developing countries, exceeding international aid.

About the author

RICHTOPIA

RICHTOPIA

Information to enrich your life.

WELCOME TO RICHTOPIA

FREE MEMBERSHIP

Get special new reports and never miss an update again ...

Join 74,490 other subscribers.

  • 2,982,371 all-time readers
Advertisement
As Seen On Forbes
Advertisement

Richtopia uses cookies to give you the best online experience. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Use.