Remit Recaps
Remit, REMIT, or derivations thereof may refer to: Terms related to remittance * Remittance, a transfer of money by a worker foreign or not to an individual or entity in his or her home country or place * Remittance advice, a letter sent by a customer to a supplier informing them that their invoice has been paid * Remittance man, an emigrant in the 19th century, often to a British colony, supported or assisted by payment of money from their paternal home Acronyms * REMIT, Regulation on Wholesale Energy Market Integrity and Transparency Regulation on Wholesale Energy Market Integrity and Transparency (REMIT) is an EU regulation designed to increase the transparency and stability of the European energy markets while combating insider trading and market manipulation. REMIT was ado ...

Remittance
A remittance is a non-commercial transfer of money by a foreign worker, a member of a diaspora community, or a citizen with familial ties abroad, for household income in their home country or homeland. Money sent home by migrants competes with international aid as one of the largest financial inflows to developing countries. Workers' remittances are a significant part of international capital flows, especially with regard to labor-exporting countries. According to the World Bank, in 2018 overall global remittance grew 10% to US$689 billion, including US$528 billion to developing countries. Overall global remittance is expected to grow 3.7% to US$715 billion in 2019, including US$549 billion to developing nations.
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Remittance Advice
Remittance advice is a letter sent by a customer to a supplier to inform the supplier that their invoice has been paid. If the customer is paying by cheque, the remittance advice often accompanies the cheque. The advice may consist of a literal letter (e.g., "To Whom it May Concern: Your shipment of the 10th inst was received in good order; accompanying is our remittance of $52.47 per invoice No 83046") or of a voucher attached to the side or top of the cheque. Remittance advices are not mandatory, however they are seen as a courtesy because they help the accounts-receivable department to match invoices with payments. The remittance advice should therefore specify the invoice numbers for which payment is tendered. In countries where cheques are still used, most companies' invoices are designed so that customers return a portion of the invoice, called a remittance advice, with their payment. In countries where wire transfer is the predominant payment method, invoices are commonl ...
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Remittance Man
In British history, a remittance man was an emigrant, often from Britain to a British colony, supported by regular payments from home on the expectation that he stay away. In this sense, remittance means the opposite of what it does now, i.e. money that migrants send to their home countries. Definitions "Remittance man" is defined in ''The Canadian Encyclopedia'' as "a term once widely used, especially in the West before WWI, for an immigrant living in Canada on funds remitted by his family in England, usually to ensure that he would not return home and become a source of embarrassment." The ''Oxford English Dictionary'' adds: "spec[ifically] one considered undesirable at home; also in extended use". "Remittance man" is first attested in 1874, as a colonial term. One of the citations is of T. S. Eliot's 1958 play ''The Elder Statesman'', where the son of the title figure resists his father's attempts to find him a job: "Some sort of place where everyone would sneer at the fello ...
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