remittance

noun
re·​mit·​tance | \ ri-ˈmi-tᵊn(t)s How to pronounce remittance (audio) \

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)

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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 on the Web

Amazon, Google, and Facebook are battling for a slice of the payment sector in India, and Facebook is working on a cryptocurrency product that could potentially be used for commerce and remittances. John Detrixhe, Quartz, "The IMF is worried that big tech could make the financial system less stable," 10 June 2019 Talukdar, the Loyola professor, said remittance typically comes in the form of family support, charitable donations or sponsoring a child, but Khan seems to have taken it to an extreme. Drew Broach, nola.com, "From Metairie to Murshidabad: This woman funds a school for India’s poor," 7 June 2019 About one-third of the population in Armenia, a country of 3 million, have moved to live and work abroad, and their remittances make up about 14 percent of the country's gross domestic product. Yuras Karmanau And Avet Demourian, The Christian Science Monitor, "Armenian prime minister's hometown sees hope in political turnover," 14 May 2018 The diaspora and its remittances Nearly four million Venezuelans have emigrated to other countries, including thousands to the United States, to escape the hyperinflation, grave shortages of food and medicines and high crime. Sonia Osorio, miamiherald, "Even in Miami, Venezuelans can't escape the hardships of their homeland | Miami Herald," 11 May 2018 For Egypt, migration was not a means toward economic development or attracting remittances. Gerasimos Tsourapas, Washington Post, "How authoritarian regimes use migration to exert ‘soft power’ in foreign policy," 6 July 2018 The Fed payments to Treasury, called remittances, hit a record high in 2015 due to swelling interest income from its huge holdings of bonds purchased to help stimulate the economy after the financial crisis. Kate Davidson, WSJ, "Fed Sent Lower Remittances to U.S. Treasury in 2018," 10 Jan. 2019 Blanca Lydia Galindo was at the office when the doors opened on Saturday, ready to collect remittances from her adult daughters in DC. Martha Mendoza, Fox News, "Salvadoran town deeply rooted in DC unfazed by US politics," 21 Aug. 2018 In 2014, almost 30 percent of local households reportedly received foreign remittances. Meher Ahmad, New York Times, "Tragedy at Sea 3,000 Miles Away Resonates in Pakistani Village," 27 Feb. 2018

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.

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First Known Use of remittance

1672, in the meaning defined at sense 1a

History and Etymology for remittance

remit entry 1 + -ance

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Dictionary Entries near remittance

remissive

remit

remittal

remittance

remittance man

remittee

remittent

Statistics for remittance

Last Updated

15 Jun 2019

Look-up Popularity

Time Traveler for remittance

The first known use of remittance was in 1672

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More Definitions for remittance

remittance

noun

English Language Learners Definition of remittance

formal
: an amount of money that is sent as a payment for something
: the act of sending money as a payment for something

remittance

noun
re·​mit·​tance | \ ri-ˈmi-tᵊns How to pronounce remittance (audio) \

Kids Definition of remittance

: money sent in payment

remittance

noun
re·​mit·​tance | \ ri-ˈmit-ᵊns How to pronounce remittance (audio) \

Legal 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)

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Comments on remittance

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