Meaning of “remittance advice” in the English Dictionary

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"remittance advice" in Business English

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remittance advicenoun [ C ]

uk us

ACCOUNTING, COMMERCE a document that is sent by someone who makes a payment to the person receiving it, with details of the amount, method of payment, etc.:

If the payment is by BACS, the remittance advice will include the BACS reference.

(Definition of “remittance advice” from the Cambridge Business English Dictionary © Cambridge University Press)