remittance
re·mit·tance
noun \ri-ˈmi-tən(t)s\Definition of REMITTANCE
1
a : a sum of money remitted b : an instrument by which money is remitted
2
: transmittal of money (as to a distant place)
Examples of REMITTANCE
- Remittance can be made by check or credit card.
- <she always mails in her remittance on time so she won't ever be charged a late fee on her electric bill>
First Known Use of REMITTANCE
1705
Related to REMITTANCE
- Synonyms
- compensation, consideration, pay, recompense, payment, remuneration, requital
- Antonyms
- nonpayment
Other Economics Terms
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