Meaning & use
payment remittance
Last updated
Meanings
phrasecountable or uncountablebusinessfinance
The act of sending money to pay for something, especially to a person or company in another place; also the money sent.
Grammar: Can be countable when referring to a specific payment: 'a payment remittance'; uncountable when referring to the process: 'payment remittance is handled by the finance department'.
Patterns
- payment remittance for something
- send a payment remittance
- process a payment remittance
The invoice must be paid by payment remittance to our bank account in London.
Please include the invoice number with your payment remittance so we can credit your account correctly.
The company charges a small fee for each payment remittance sent abroad.
phrasecountablebusinessfinance
A record or document that shows money has been sent as payment.
Grammar: Often used in bookkeeping: 'file the payment remittance'.
Patterns
- keep a copy of the payment remittance
- attach the payment remittance
Keep a copy of the payment remittance as proof of payment.
The payment remittance was attached to the email for the client's records.
Word forms
| plural | payment remittances |
|---|
Common combinations
- payment remittance advice
- The payment remittance advice lists all the invoices being paid.
- send a payment remittance
- We will send a payment remittance by wire transfer tomorrow.
- payment remittance address
- Please use our new payment remittance address for all future payments.
- process a payment remittance
- The bank takes two days to process a payment remittance from overseas.
Synonyms and how they differ
- remittance
- Shorter and often used alone; 'payment remittance' is more specific and formal, often in business contexts.
- money transfer
- More general and everyday; 'payment remittance' usually implies a payment for goods or services, not just any transfer.
Word family
- remit verb
- To send money as payment.
- remittance noun
- The money sent, or the act of sending it.
Commonly confused: payment remittance or remittance?
payment remittance vs remittance
'Remittance' can mean the money itself; 'payment remittance' often refers to the act or the document.
Practice
The supplier asked us to send a ___ for the outstanding invoice.
Choose one answer.
The standard phrase is 'payment remittance'. 'Remittance payment' is not common; 'payment remit' is not a noun phrase.
Make it your own
Write a sentence using “payment remittance”, then check it and compare it with the examples above.