remittance
Americannoun
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the sending of money, checks, etc., to a recipient at a distance.
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money or its equivalent sent from one place to another.
noun
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payment for goods or services received or as an allowance, esp when sent by post
-
the act of remitting
Other Word Forms
- preremittance noun
Etymology
Origin of remittance
Example Sentences
Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.
Nguyen adds that countries like the Philippines and India will experience a major contraction in overseas remittances from workers abroad, with a large number employed in and around the Middle East region.
From MarketWatch
For many workers, leaving is not an option having borrowed to pay recruitment agents for visas and jobs abroad and with families at home dependent on the remittances they send.
From Barron's
Many Nepalis work there, and more than a quarter of Nepal's GDP is made up of remittances, money sent home by workers.
From BBC
With a per capita GDP of roughly $1,500, the country relies heavily on remittances from overseas workers and tourism, particularly expeditions to Mount Everest and other Himalayan peaks.
With a per capita gross domestic product of around $1,500, the country is dependent on remittances and tourism, particularly expeditions to Mount Everest and other Himalayan peaks, as key sources of earnings.
Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023
Idioms from The American Heritage® Idioms Dictionary copyright © 2002, 2001, 1995 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company.
