remittance

[ ri-mit-ns ]

noun

1. the sending of money, checks, etc., to a recipient at a distance.
2. money or its equivalent sent from one place to another.

remittance

/ rɪˈmɪtəns /

noun

1. payment for goods or services received or as an allowance, esp when sent by post
2. the act of remitting

Other Words From

• prere·mittance noun

Word History and Origins

Origin of remittance¹

First recorded in 1695–1705; remit + -ance

Example Sentences

Those remittances represent a pillar of the Mexican economy.

From Los Angeles Times

Mexico received $63.3 billion in remittances last year, nearly all of it from migrants living in the U.S.

From Los Angeles Times

Many Gazans try and send money back to support relatives still in Gaza – but remittance fees are steep and war merchants take a 30% cut.

From BBC

Soaring prices have been a major concern for Bangladesh, with its currency also under pressure with remittances drying up and garments exports badly impacted by political unrest.

From BBC

But economists have pointed out that there are also other factors at play, such as a rise in remittances being sent by Mexicans living abroad to their friends and family at home.

From BBC

Related Words

• amount
• award
• cash
• deposit
• disbursement
• fee
• outlay
• pension
• premium
• refund
• reimbursement
• reparation
• repayment
• restitution
• return
• reward
• royalty
• salary
• settlement
• subsidy