remittance

re·mit·tance

noun \ri-ˈmi-t^ən(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

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

Related to REMITTANCE

Synonyms: compensation, consideration, pay, recompense, payment, remuneration, requital

Antonyms: nonpayment

Related Words: salary, stipend, wage(s); disbursement, expenditure, outlay; rebate, refund; indemnity, recoupment, redress, reparation, restitution; adjustment, settlement; deposit; reimbursement, repayment; prepayment; overpayment; rent, rental

Near Antonyms: underpayment

see all synonyms and antonyms

[+]more[-]hide

Other Economics Terms

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