Meaning of remittee in English:


Pronunciation /rɪˌmɪˈtiː/


See remit

‘A remitter shall deduct and withhold from each payment of oil and gas proceeds being made to a remittee an amount equal to the rate specified in Subsection C of this section multiplied by the gross amount that otherwise would have been payable to the remittee.’
  • ‘A remittance system in a financial institution automatically generates a temporary remittance account based on the contents of a remittance, and clears the temporary remittance account after a remittee withdraws the remittance with a proper procedure.’