What's the difference between payment and remittance?

Payment


Definition:

  • (n.) The act of paying, or giving compensation; the discharge of a debt or an obligation.
  • (n.) That which is paid; the thing given in discharge of a debt, or an obligation, or in fulfillment of a promise; reward; recompense; requital; return.
  • (n.) Punishment; chastisement.

Example Sentences:

  • (1) However, some contactless transactions are processed offline so may not appear on a customer’s account until after the block has been applied.” It says payments that had been made offline on the day of cancellation may be applied to accounts and would be refunded when the customer identified them; payments made on days after the cancellation will not be taken from an account.
  • (2) At the heart of the payday loan profit bonanza is the "continuous payment authority" (CPA) agreement, which allows lenders to access customer bank accounts to retrieve funds.
  • (3) The way we are going to pay for that is by making the rules the same for people who go into care homes as for people who get care at their home, and by means-testing the winter fuel payment, which currently isn’t.” Hunt said the plan showed the Conservatives were capable of making difficult choices.
  • (4) Focusing on two prospective payment systems that operated concurrently in New Jersey, this study employs the hospital department as the unit of analysis and compares the effects of the all-payer DRG system with those of the SHARE program on hospitals.
  • (5) It ignores the reduction in the wider, non-NHS cost of adult mental illness such as benefit payments and forgone tax, calculated by the LSE report as £28bn a year.
  • (6) But the company's problems appear to be multiplying, with rumours that suppliers are demanding earlier payment than before, putting pressure on HTC's cash position.
  • (7) Finally, before the advent of the third-party payment, operations were avoided because of the financial burden.
  • (8) Initial analysis suggests that about one-fifth of gross costs would be directly returned to the public purse via income tax and national insurance payments.
  • (9) In 2013 it successfully applied for a Visa Innovation Grant , a fund for development and non-profit organisations seeking to adopt or expand the use of electronic payments to those living below the poverty line.
  • (10) Pensioners, like those in receipt of long-term social welfare payments or those who can prove they cannot provide their heating needs during winter, are entitled to a means-tested weekly winter fuel allowance of €20 (£ 14.54) per household.
  • (11) Most (86 percent) had educational debt (mean = $20,500), and more than half of those with debt were making loan payments.
  • (12) It would cost their own businesses hundreds of millions of pounds in transaction costs, it would blow a massive hole in their balance of payments, it would leave them having to pick up the entirety of UK debt.
  • (13) Tomorrow the courts are expected to sign off a $97.5m payment by the company to its shareholders, after investors took a class action lawsuit against the company.
  • (14) The payments were for services ranging from "project management" to "HR consultancy", according to the academy chain's company accounts.
  • (15) The four most common types of insurance that protect your income are income protection insurance, critical illness cover, life insurance, and payment protection insurance.
  • (16) In a 2011 interview with the Financial Times he said: “JPMorgan doesn’t have a chance in hell of not coming up with a big settlement.” He claimed: “There were people at the bank who knew what was going on.” The payment brings the total of fines imposed on JP Morgan to nearly $20bn in the past year.
  • (17) Gerson Zweifach, general counsel for both News Corp and 21st Century Fox , Murdoch’s film and TV business, said: “We are grateful that this matter has been concluded and acknowledge the fairness and professionalism of the Department of Justice throughout this investigation.” It is understood there has been no background settlement with the Department of Justice in order to avoid a full-blown investigation, contrary to speculation in New York over a year ago that the company was looking at a possible payment of over $850m.
  • (18) The payments are now more likely to made in shares issued monthly.
  • (19) Applications from Serbia, which account for 10% of the total, stem mostly from the dissolution of former Yugoslavia: payment of army reservists, access to savings in present-day Bosnia and Herzegovina, pensions in Kosovo.
  • (20) Without action today, the winter fuel payment would have decreased in value this coming winter.

Remittance


Definition:

  • (n.) The act of transmitting money, bills, or the like, esp. to a distant place, as in satisfaction of a demand, or in discharge of an obligation.
  • (n.) The sum or thing remitted.

Example Sentences:

  • (1) Complete remissions were relatively short, and 11 of 14 remitters relapsed after 2 to 11 months (median 4 months).
  • (2) In the postoperative period, he was complicated by remittent fever of 1 month's duration, which was finally controlled by antibiotics.
  • (3) With global remittances tripling over the past decade and now outstripping official aid, diaspora groups and international NGOs urgently need to find ways of working together more effectively.
  • (4) High levels of IC in CSF were detected only in the subgroup consisting of the relapsing-remittent patients in disease exacerbation when IC were determined by the C1q-binding test.
  • (5) More meetings between government officials, banks, remittance companies and NGOs are planned over the coming weeks.
  • (6) Hormone therapy is indicated in acute forms of disseminated sclerosis and in a remittent development in the stage of exacerbation in the II and III phases.
  • (7) As the locus of many migrants' investments, the village of Los Pinos has experienced a modest growth in the number of full-time jobs paying somewhat above the minimum urban wage and in a variety of petty entrepreneurial activities depending heavily on the patronage of migrant households, themselves heavily subsidized by remittances.
  • (8) Their history was not suggestive of a cyclic or remittent pattern of symptoms.
  • (9) Nearly a third had a remittent (32.8%) or relapsing cumulative (34%) course and 9% had a progressive course from the start.
  • (10) Remittances by African migrants provide many benefits to African households and governments.
  • (11) So we also need to be thinking internationally.” He said that included marshalling “everything the private sector has to give”, including overseas remittances by migrant workers, which the World Bank estimates reached $436bn in 2014 , and supporting plans by the Brics countries (Brazil, Russia, India, China and South Africa) to launch a development bank to finance infrastructure projects.
  • (12) One patient had suffered from severe postpartal hyperbilirubinemia, the other one presented with chronic hemolysis and remittent hyperbilirubinemia.
  • (13) As gold compounds are effective in treating spontaneous RA in dogs, these proposed actions may not be responsible for the remittive effects of chrysotherapy in this disease.
  • (14) These unchanging features were not found among the remitters.
  • (15) High rates of diffuse remittance were found for classical laser wavelengths such as the argon or the Nd:YAG II laser indicating only low rates of absorption.
  • (16) The government said it was committed to supporting a healthy and legitimate remittance sector while also ensuring a robust anti-money laundering regime.
  • (17) A drying up of remittance money to Somalia is the last thing the British government needs as it has invested much political effort in putting the country back on its feet.
  • (18) The opposition had warned, with each stage of the “normalization” – the release on both sides of political prisoners; a deal to allow telecom companies to strengthen the internet on the island and for US banks to do business there; a US agreement to expand remittances and ease travel restrictions – that too many opponents of the Castro regime remain in prisons, or remain sentenced to silence under threat of retribution.
  • (19) Remittance by mail of blood samples and subsequent time of permanency in mail boxes are not supposed to be best thermic conditions for dried blood samples in paper used for neonatal screening.
  • (20) Patients with TdT-positive AML had similar median survival (12 versus 10.5 months) and complete remission (CR) rates (53 versus 59%), but a greater frequency of long-term complete responders (60 of complete remitters versus 20%, p = 0.08) than TdT-negative patients.