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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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An estimated $3 billion in remittances is sent to the island annually.
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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.
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Remittances from people in America to Cubans won’t be cut off.
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The Trump policy also allows family travel to Cuba to continue without restrictions and places no limits on remittances, according to the draft.
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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.
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Sanctions targeting the Cuban military could have widespread effects, given its large role in the country — perhaps touching even on remittances and agriculture.
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And United overpaid $500,000 due to fluctuations in foreign currency between the collection and remittance of the fees.
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Sanction Effects Sanctions targeting the Cuban military could have widespread effects, given its large role in the country -- perhaps touching even on remittances and agriculture.
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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