General Remittance Template

What is Remittance? The process by which money is sent to someone for the removal of an obligation is called a remittance. The remittance money is usually sent by using an electronic medium or networks like the wire transfer or mail. The money sent through this process is also called remittance. An example can include that if a person is obligated to pay some taxes than the check sent by him or her to the government to pay off those tax bills is called remittance. Similarly, if you are sending some money to a family member or friend through wire…