remittance

2 ENTRIES FOUND:

re·mit·tance

noun \ri-ˈmi-tən(t)s\

: an amount of money that is sent as a payment for something

: the act of sending money as a payment for something

Full 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

  1. Remittance can be made by check or credit card.
  2. <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

Other Economics Terms

actuary, compound interest, globalization, indemnity, portfolio, rentier, stagflation, usurer

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