remitter

Remitter is a term used in finance and medicine with distinct meanings. In financial contexts, a remitter is the person or entity that sends money to another party as part of a payment or remittance. The recipient is commonly called the beneficiary or recipient. In international remittance, the remitter initiates the transfer, which may be conducted through banks, money transfer operators, or mobile payment systems. The process may involve exchange rate conversion, transfer fees, and compliance checks. Remitters can be individuals, businesses, or organizations such as governments making salary, aid, or other payments. Banks and regulators often distinguish the remitter (originator) from the beneficiary and the intermediary banks involved in the transaction. Remittance flows are a focus of financial inclusion and cross-border payment systems, and they are subject to regulatory requirements, including know-your-customer and anti-money-laundering rules.

In regulatory and compliance language, the remitter’s identity and the source of funds are important for monitoring illicit activity. Large or unusual transfers may require additional verification and reporting, and service providers may impose limits or hold funds pending due diligence.

In medicine, remitter refers to a person whose disease is in remission, meaning signs and symptoms have reduced or disappeared for a period. A patient may become a remitter after complete or partial remission; remission may be temporary or sustained, and it can change with disease progression or relapse.

See also remittance, remission, and remission criteria.