Remitter Meaning in Bank [Banking Definition] - GlobalBanks Remitter refers to the individual that is sending payment to the remittee In other words, remitter is the sending party while the remittee is the receiving party in a transaction
Remitter Meaning in Bank: Everything You Need to Know A remitter in a bank transaction is an individual or company that initiates a financial transaction by sending money to a recipient, also known as the beneficiary
What Is A Remitter On A Check? - FinanceNInsurance A remitter means a person who paid for the cashier’s check The bank or any financial institute will always be responsible for the final payment of the check
REMITTER Definition Meaning | Dictionary. com Remitter definition: the principle or operation by which a person who enters on an estate by a defective title, and who previously had an earlier and more valid title to it, is adjudged to hold it by the earlier and more valid one
What Does Remitter Mean in Legal and Financial Contexts? The term “remitter” holds significant importance in legal and financial contexts, shaping the dynamics of transactions and payment instruments It involves more than initiating payments, encompassing rights, duties, and potential liabilities
Payee vs. Remitter — Whats the Difference? A payee receives money in a transaction, focusing on the endpoint of the payment process, whereas a remitter is the party who initiates and sends the payment, emphasizing the start of the transaction flow
Remitter - definition of remitter by The Free Dictionary Define remitter remitter synonyms, remitter pronunciation, remitter translation, English dictionary definition of remitter v re·mit·ted , re·mit·ting , re·mits v tr 1 To transmit in payment 2 a To refrain from exacting ; cancel b To pardon; forgive: remitted their sins
What Does Remitter Mean On Money Order? - The Daily Accrue The remitter is responsible for paying for the money order and ensuring the proper details are filled out to allow the recipient to cash or deposit it Understanding the role of the remitter is crucial in knowing how to correctly fill out and use a money order