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Inward and outward remittance!!!!! HELP?

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hi there! im very new to banking and its terms....pls could u help me ind out what does INWARD REMITTANCE and OUTWARD REMITTANCE mean??? thanxxxxxxxxx

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  1. Inward Remittances

    Automated processing of incoming payments, including the crediting of accounts or other authorised discharge of funds.

    Outward Remittances

    Outgoing payments that are customer-initiated can be instantaneously transmitted, using telex or the SWIFT network, to a beneficiary with another bank located anywhere in the world.

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