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

• prere·mittance noun

Word History and Origins

Origin of remittance¹

First recorded in 1695–1705; remit + -ance

Example Sentences

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

From BBC

Many funded their move through non-institutional loans, later sending remittances to their families.

From BBC

Mexican immigrants in the United States are also pillars of the Mexican economy, sending more than $60 billion annually in remittances back to their homeland.

From Los Angeles Times

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

Related Words

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