verb. Remitted is defined as to have made a payment, to put back or lessened. An example of remitted is to have sent in a check to pay a bill. An example of remitted is to have been sent back to state prison.

What does payment has been remitted mean?

Remit means send back, and it has many uses. If you remit payment, you send it back to the person you owe it to. If you've been in prison for five years of a seven-year sentence but you've been on good behavior, a judge might remit the remainder of your sentence and let you go free. Definitions of remit.

What is mean of remitted?

verb (used with object), re·mit·ted, re·mit·ting. to transmit or send (money, a check, etc.) to a person or place, usually in payment. to refrain from inflicting or enforcing, as a punishment, sentence, etc. to refrain from exacting, as a payment or service.

How do you use the word remit in a sentence?

1. They pay tax only on income remitted to this country. ...
2. The matter should be remitted for a fresh hearing by the tribunal. ...
3. The claim would be remitted to the employment tribunal for determination.

What does it mean when taxes are remitted?

If it's amount remitted - that's usually talking about how much you've already paid, like in tax withholding. If it's amount "to be" remitted, then it's how much you owe. The key is figuring out if it's what's already been paid or what needs to be paid.

🔵 Remit Remittance - Remit Meaning - Remittance Examples - GRE 3500 Vocabulary

Does remitted mean forgiven?

Remit is defined as to forgive or to send a payment.

How do you say remit payment?

Try using phrases such as “please remit payment as soon as possible” or “thank you for your valued business”. You are making it clear that you expect payment while also being polite and appreciative, making customers more likely to pay your invoice.

What does not remitted mean?

Failure to pay an amount of money that is owed. 'non-remittance of taxes'

Does remitted mean paid?

Remitted is defined as to have made a payment, to put back or lessened. An example of remitted is to have sent in a check to pay a bill. An example of remitted is to have been sent back to state prison.

How do you use remit payment in a sentence?

1. If you do not remit the payment for your light bill within two days, your service will be disconnected.
2. I have hired a carrier to remit the documents to my attorney.
3. Before you remit money to an online seller, make sure you are dealing with a reputable salesperson and not a crook.

What is remit short for?

Rating. REMIT. Regulation of Energy Market Integrity and Transparency.

What does remit mean in finance?

What Is a Remittance? A remittance is a payment of money that is transferred to another party. Broadly speaking, any payment of an invoice or a bill can be called a remittance.

What is the difference between remittance and transfer?

Bank transfer is defined as a transaction between accounts (in most cases, two accounts of the same individual). On the other hand, Bank remittance is a type of transaction involving two separate account holders. ... For instance, if a migrant or foreign worker sends money back home, the fund transfer is a remittance.

What is the difference between remit and submit?

As verbs the difference between remit and submit

is that remit is to forgive, pardon while submit is to yield or give way to another.

What is the difference between payment and remittance?

The difference between a remittance and a payment is, in most cases, a matter of whether money is travelling overseas. The word, “remittance”, comes from the verb, “to remit”, or to send back. So, whilst all remittances are payments, not all payments are necessarily remittances.

What does non payment mean?

: neglect or failure to pay nonpayment of a debt was evicted for nonpayment of rent.

What does under your remit mean?

1. countable noun [usually singular, oft poss NOUN] Someone's remit is the area of activity which they are expected to deal with, or which they have authority to deal with. [British] That issue is not within the remit of the working group. [

How do you inform payment has been made?

Courteously, I am __________ (Your Name), write this letter to inform you that I have made the payment of __________ (Mention Amount) for __________ (Mention product/ product number/ service used/ any other) that I __________ (Purchased – if product/ Availed – if service) on __________ (Mention date).

How do you ask for payment?

1. Check the Client Received the Invoice. ...
2. Send a Brief Email Requesting Payment. ...
3. Speak to the Client By Phone. ...
4. Consider Cutting off Future Work. ...
5. Research Collection Agencies. ...
6. Review Your Legal Options. ...
7. First Email Payment Request Template. ...
8. Second Email Payment Request Template.

How do you ask for kindly payment?

Ask for the payment simply and be straightforward. Tell them you have included the invoice as part of the email and how you want to be paid. The conclusion is polite and lets them know that you'd love to work more with them in the future. This script also uses the exclamation point very strategically.

What does it mean when a PPP loan is remitted?

As authorized by Section 1106 of the CARES Act, SBA has remitted to the Lender of Record the payment listed above for forgiveness of the Borrower's Paycheck Protection Program (PPP) loan. ... Your PPP loan with the SBA is now paid in full (including applicable interest).

What is the opposite of remit?

Synonyms & Antonyms of remit

1 to grow less in scope or intensity especially gradually. waited until the rain remitted a little and ran to the car.

What does date remitted mean?

Remittance Date means the fifteenth (15th) calendar day of each month, or the immediately succeeding Business Day, if such calendar day shall not be a Business Day, or such other day as is mutually agreed to by Seller and Buyer. Sample 2.

How are remittances sent?

The migrant sender pays the remittance to the sending agent using cash, check, money order, credit card, debit card, or a debit instruction sent by e-mail, phone, or through the Internet. ... Remittances are typically transfers from one person to another person or household.