Saturday, July 10, 2010

Canadian Rob Menard Explains "REMITTANCE"

At Remittance is defined in various Dictionaries and Encyclopedia.   From that website, on this date, the following text is how "remittance" is defined.   As you watch Menard's video, keep in mind that the billing agency may never fully disclose that to 'remove an obligation' there are other lawful choices.   I have embolden in blue (and it shows in purple) those choices.

Investment:  The process of sending money to remove an obligation. This is most often done through an electronic network, wire transfer or mail. The term also refers to the amount of money being sent to remove the obligation.
Investopedia Says:

When a person sends a check to the government to pay for a tax bill, the check is remittance to remove the tax obligation. If you were to send money to a friend in Europe through a wire-transfer service, the sum of the payment is the remittance.

Banking1. Payment toward satisfaction of a debt, whether in cash or cash equivalents, such as checks, drafts, and other negotiable instruments.

2. Payment on an installment loan or open-end credit account, forwarded through the mail to a Lock Box along with a remittance document, a machine readable billing document encoded with the customer's account number, and the amount due, plus any late charges, if the loan payment is delinquent.

3. Proceeds from a check submitted to another bank for Collection.

Law EncylcopediaMoney sent from one individual to another in the form of cash, check, or some other manner.

Financial statements sent by a creditor to a debtor frequently refer to the process of submitting a monthly remittance.

See The World Freeman Society for common sense tips as to how you can demand 'honest services' from your government and its employees.  

Anything less than 'honest service' is unethical and a breach of fiduciary duty on their part (and ours).