Definition, Meaning & Synonyms
remitting
verb
/rɪˈmɪtɪŋ/
Definition
The act of sending money as payment or settling an account.
Examples
- She is remitting the payment for the invoice.
- They are remitting the funds to their overseas account.
- The company is remitting donations to the charity every month.
Meaning
To remit is to send back or to send in payment. It can also mean to cancel or refrain from exacting a debt or punishment.
Synonyms
- Sending
- Transferring
- Conveying
- Dispatching
