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WordNet-Online
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Definitions from the WebRemitting BankNoun: A remitting bank refers to a financial institution or a bank that sends money on behalf of its customers to another bank or recipient. Example sentence: I transferred the funds from my savings account to the remitting bank to send money to my family overseas. Verb (present participle): Remitting bank refers to the action of sending money through a financial institution or bank to another bank or individual. Example sentence: John is remitting money to his cousin using the services of a reliable remitting bank. Adjective: The term "remitting bank" can also be used as an adjective to describe a bank that specializes in sending money to other institutions or individuals. Example sentence: The remitting bank services offered by XYZ Bank cater to the needs of international businesses and individuals alike. Local usage: In some regions or specific contexts, a remitting bank may refer to a local bank branch that handles the transfer of funds within a particular area. Example sentence: If you reside in this town, you can easily find the nearest remitting bank to send money to your friends and family. Related products on Amazon: | ||||
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