Remittance: What It Is and How to Send One.

What is a remittance and how can you send one? What does remittance mean in simple words? Remittance is a term used to describe the sending of money from one person to another, usually via a bank or other financial institution. The person sending the money is known as the remitter, and the person receiving … Read more

Bank of First Deposit (BOFD).

A bank of first deposit is a bank where a customer first deposits their paycheck or other funds. The bank may also be the payer on the check or may simply be the bank where the account is held. The bank of first deposit is generally the bank where the account is held and is … Read more

What does “In sight” mean?

A document, sentence or fact is in view when it can be claimed at any time. In the case of the economía, in sight it refers more to deposits or credits that do not have an established due date. In this type of case, the person who must be responsible for the payment must undertake … Read more