Definition, Meaning & Synonyms
remitter
Noun
/rɪˈmɪtər/
Definition
A remitter is a person or entity that sends or transfers money to another party, often in payment for goods or services.
Examples
- The remitter completed the transaction to send funds to a family member abroad.
- As a remitter, it is important to keep records of your transactions for financial tracking.
Meaning
In finance, a remitter is someone who sends funds, typically through banks or other financial institutions, to an individual or business.
Synonyms
- Sender
- Transferor
- Contributor
- Payer
