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 Word Forms

• preremittance noun

Word History and Origins

Origin of remittance¹

First recorded in 1695–1705; remit + -ance

Example Sentences

An estimated 14% of the population work overseas, and one in three households receives remittances.

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"Remittances from India go to the poorest households in Nepal although per capita remittance is much lower than what migrants going to the Gulf or Southeast Asia sent," says Prof Sharma.

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But she also never clarified whether “mobilize” referred to organizing rallies, bolstering diplomatic pressure or some other strategy to help thwart the remittance tax.

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It proposes a 3.5% tax on remittances sent abroad by foreign workers, including green card holders and temporary visa workers such as those on H-1B visas.

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The money loved ones send back from the US is known as remittances, and these are propping up Guatemala's economy.

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Related Words

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