👉 A remitter is a person who receives money from someone else and transfers it to themselves. In other words, they receive funds without giving them back anything in return. Remitters can be individuals or businesses, and their actions can vary depending on the context. For example, a remitter might receive money for buying goods, paying bills, or investing in stocks. Alternatively, a remitter might receive money from another person to pay for a service, such as a car loan or mortgage. Remitt
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What is the definition of Remittor? 🙋
👉 The term "remittor" refers to a person who receives money from their home country after leaving their home country and traveling abroad. This money is typically used for personal expenses, such as housing or food, and it can be paid back by the recipient upon return. Remittors are often employed in agricultural or construction work, but they may also work in other sectors where they receive remittances from their home country.
