Exam: BEC Higher

Definition: A person or company that rebuilds or restores products to a like-new condition, often by replacing worn parts and improving performance.

Example: The remanufacturer provided a warranty for the refurbished engines they sold.

Definition: The act of sending money or payment to someone, often as a gift or for a service.

Example: She made a remitment to her family overseas to help with their expenses.

Definition: Able to be sent back or returned, often referring to payments or debts that can be forgiven or canceled.

Example: The fees for the service are remittable if you cancel within the first month.

Definition: The act of sending money to someone who is far away, often as payment or support.

Example: She made a remittance to her family back home every month.

Definition: A person or entity that sends money or payment to another, often as a form of settlement or transfer.

Example: The remitter sent the funds to cover the invoice.

Definition: A person who sends money as a payment or transfer, often to someone in another place.

Example: The remittor sent money to support their family back home.

Definition: To make something legal tender again, allowing it to be used as currency.

Example: The government decided to remonetize silver to boost the economy.

Definition: To pay someone for their work or services, providing them with a suitable amount of money or compensation.

Example: The company will remunerate employees for their overtime hours.

Definition: A payment or reward given for work or services provided.

Example: The company offers a competitive remuneration package to attract top talent.

Definition: Payment or compensation given for work or services provided.

Example: The company offers competitive remunerations to attract top talent.