“Remit” and “Remittance”
The words remit and remittance occur relatively often in contracts. Black’s Law Dictionary gives as one definition of remit “To transmit (as money) (upon receiving the demand letter, she promptly remitted the amount due).” And here’s how it defines remittance: “1. A sum of money sent to another as payment for goods or services. 2. An instrument (such as a … Read More