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TeachMeFinance.com - explain Remittance remittance -- funds transferred from one party to another as payment for purchased goods or services. another definition... Remittance -- Funds forwarded from one person to another. historic definition... Remittance -- Money (or its representative, as a bill of exchange or draft or other order for money) forwarded from one place to another is a remittance ; also, the act of forwarding it is remittance. About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.