remittance advice

Definition

A document that describes payments that are being made. The person or company that is making the payment will sometimes include a remittance advice, which is like a receipt of the payment. A remittance advice is usually used by companies processing either a purchase or a filed claim. This term is frequently used in the United Kingdom.

Use remittance advice in a sentence

I was glad to have remittance advice because it meant that payments were being made and everything was gonna be okay.

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The remittance advice was included as part of the 200 page document that fully explained the details of the business relationship.

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I sent a remittance advice to the seller along with my payment, but I will have to send a corrected one because the document I sent accidentally included some invoice numbers from a different order.

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