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
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Remittances to Cuba could be cut by $320 million annually, ending 782 jobs at money transfer companies.
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The president insists the U.S. can force Mexico to pay, perhaps by taxing remittances — cash residents send from America to friends or relatives in Mexico.
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Mexico, along with China, India and the Philippines, is among the top destination countries for global remittances, according to the World Bank.
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The Bank of Mexico tracks how much the country receives in remittances on a monthly basis.
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Remittances from the United States—around $10 billion a year—are a major driver of the Philippines’s economy, according to Steven Rood, the the Asia Foundation’s country representative for the Philippines.
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Retailers cite the positive impact of job creation, consumer credit and growth in remittances from Mexicans living abroad, which are boosted in peso terms by a weaker local currency.
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The label confers status in the Philippines, which receives more money in remittances than any other country except India and China.
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Many academics and economists have said that Trump’s notion of impounding remittances could have devastating consequences, harming poor communities and families that rely on funds from abroad to provide food and shelter.
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.
First Known Use of remittance
1672
Other Economics Terms
REMITTANCE Defined for English Language Learners
remittance
playDefinition of remittance for English Language Learners
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: an amount of money that is sent as a payment for something
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: the act of sending money as a payment for something
REMITTANCE Defined for Kids
remittance
playDefinition of remittance for Students
: money sent in payment
Law Dictionary
remittance
playLegal Definition of remittance
1a : a sum of money remitted b : an instrument by which money is remitted
2 : transmittal of money (as to a distant place)
Learn More about remittance
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Thesaurus: All synonyms and antonyms for remittance Spanish Central: Translation of remittance Nglish: Translation of remittance for Spanish speakers Britannica English: Translation of remittance for Arabic speakers Britannica.com: Encyclopedia article about remittance
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