Meaning & Definition Of Remit
Remit is a word that means “to send back” or “to return.”
- Remit comes from the Latin word remittere, which means “to send back.” In English, remit most often refers to money that is sent back to the person (or company) who gave it.
- For example, if you are living in another country and you send money back to your home country, then you are remitting funds.
Remit – Frequently Asked Questions
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