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

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

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

From The Wall Street Journal ● Oct. 28, 2025

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

From Los Angeles Times ● Jun. 16, 2025

That the panic inside Wall Street firms had begun before June 25 suggested to Michael Burry mainly that the Wall Street firms might be working with inside information about the remittance data.

From "The Big Short" by Michael Lewis

Another theory holds that ending TPS would shock El Salvador’s economy, which is heavily reliant on remittances from Salvadorans in the U.S.

From Los Angeles Times ● Oct. 3, 2026

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

Originally built around low-fee, foreign-currency transactions, Revolut is widely used by international travelers and migrants sending remittances home.

From The Wall Street Journal ● Aug. 4, 2026

They are also suspected of receiving remittances from "foreign political organisations", police said, adding that officers had seized seditious books and documents from their shop and residence.

From Barron's ● Jun. 24, 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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