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

Economic growth is sluggish and depends heavily on remittances from Hondurans working abroad.

Read more on The Wall Street Journal

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

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Big banks, which have been exploring ways to issue a stablecoin, have also intensified their competition with traditional remittance service providers.

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Last quarter, it launched international remittances through the blockchain, moving one step closer to re-entering the world of cryptocurrency after a two-year hiatus.

Read more on Barron's

It is still the top individual destination and remittances are an economic lifeline in the poorest parts of the region.

Read more on Barron's

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