remittance

American  

[ri-mit-ns] / rɪˈmɪt ns /

noun

• remittances
  plural

1. the sending of money, checks, etc., to a recipient at a distance.

2. money or its equivalent sent from one place to another.

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remittance British  

/ rɪˈmɪtəns /

noun

1. payment for goods or services received or as an allowance, esp when sent by post

2. the act of remitting

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Other Word Forms

Derived Forms

• preremittance
  noun

Inflected Forms

Nouns

• remittances
  plural

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Etymology

Origin of remittance

First recorded in 1695–1705; remit + -ance

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Explanation

A remittance is a payment that gets sent somewhere else. If you get a bill in the mail, you will usually have at least a week to send your remittance. To "remit" is to send money or make a payment and what you send is called remittance. Buying anything from a website involves a remittance — usually from a grownup's credit card, just as keeping your cell phone going requires a regular remittance to cover minutes and messages. If you go on a trip and run out of money, you might need an emergency remittance for a plane or train ticket to get home.

Example Sentences

See Examples For:

remittance remittances

Hana Bank and Dunamu have tested an overseas remittance service, but regulatory and operational issues remain unresolved.

From The Wall Street Journal ● Oct. 2, 2026

Some Filipinos who had been working in the Middle East are returning home because of the fighting, meaning the loss of remittance money for their families.

From The Wall Street Journal ● Apr. 13, 2026

On one hand, PayPal’s assets, which also include Venmo, Braintree and remittance products, “are deeply synergistic,” wrote Bernstein analyst Harshita Rawat.

From MarketWatch ● Feb. 4, 2026

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 ● Oct. 26, 2024

On the twenty-fifth of each month, the remittance reports arrived on his computer screen, and he scanned them for any upticks in delinquencies.

From "The Big Short" by Michael Lewis

Faux explained that, theoretically, yes, there are many ways that Bitcoin could serve the marginalized and oppressed: It could be used in international remittances; it could protect wealth against irresponsible governments.

From Slate ● Sep. 20, 2026

Ending TPS would be a shock to El Salvador’s economy, where remittances from Salvadorans in the U.S. make up nearly a quarter of the nation’s GDP — nearly $10 billion last year.

From Los Angeles Times ● Sep. 10, 2026

They’ve also caught on as a low-cost alternative for remittances and as an easy way for consumers in countries with high inflation to protect their spending power.

From Barron's ● Jun. 30, 2026

"Kerala continued to rely heavily on remittances from abroad, which have wavered, creating mounting fiscal pressures and inadequate employment generation, especially among youth," says Ruparelia.

From BBC ● May 26, 2026

It was a belated admission that tens of thousands of famine-stricken North Koreans had already gone to China and that the country was increasingly dependent on their remittances.

From "Escape from Camp 14: One Man's Remarkable Odyssey from North Korea to Freedom in the West" by Blaine Harden

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Related Words

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

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