remittance

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noun re·mit·tance \ri-ˈmi-t^ən(t)s\

Definition of remittance

1a : a sum of money remittedb : an instrument by which money is remitted
2 : transmittal of money (as to a distant place)

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Examples of remittance in a Sentence

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

Recent Examples of remittance from the Web

Almost every weapon component in the hands of North Korea either came directly from China or was purchased by cash earned through Chinese trade and remittances.

— victor davis hanson, National Review, "West Can Neither Live with nor Take Out North Korean Nukes," 13 July 2017
An estimated $3 billion in remittances is sent to the island annually.

— mimi whitefield, miamiherald, "Could 1 million more Cubans be deemed ineligible for remittances?," 23 June 2017
This is likely to have an impact on Bangladesh's economy because remittances are the nation’s second-biggest source of foreign income after garment exports.

— reuters, Fortune, "Dreams Sour for Bangladeshi Workers Returning Home From Singapore With Mounting Debt," 19 June 2017
Bangladesh’s remittances fell more than 11% in 2016 to $13.6 billion, according to the nation’s central bank, with much of the decline because of the impact of lower energy prices on Middle East employment.

— reuters, Fortune, "Dreams Sour for Bangladeshi Workers Returning Home From Singapore With Mounting Debt," 19 June 2017
Remittances from people in America to Cubans won’t be cut off.

— kansascity, kansascity.com, "Trump thrusts U.S., Cuba back toward hostile relations," 16 June 2017
The Trump policy also allows family travel to Cuba to continue without restrictions and places no limits on remittances, according to the draft.

— mimi whitefield, miamiherald, "Americans will still be able to travel to Cuba but rules will be stricter," 15 June 2017
According to the report, remittances increased in almost all regions of the world, but the sharp rise between 2007 and 2016 was mainly due to Asia which saw an 87 percent increase in money sent home from migrants.

— edith m. lederer, The Seattle Times, "UN report: Migrants sending billions more home than in 2007," 14 June 2017
Sanctions targeting the Cuban military could have widespread effects, given its large role in the country — perhaps touching even on remittances and agriculture.

— bloomberg news, The Denver Post, "Trump weighs slowing Cuba opening with curbs on U.S. tourists," 13 June 2017

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'remittance.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.