remittance

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noun re·mit·tance \ ri-ˈmi-tᵊn(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)

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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

All countries are now banned from importing North Korean coal, iron, lead and seafood products, and from letting in more North Korean laborers who sent remittances back into the country.

— josh lederman, The Christian Science Monitor, "Nations rush to shore up new North Korea sanctions," 7 Aug. 2017
All countries are now banned from importing North Korean coal, iron, lead and seafood products, and from letting in more North Korean laborers whose remittances help fund Kim Jong Un's regime.

— the washington post, OregonLive.com, "Pence for president in 2020? 'Laughable and absurd,' the vice president says," 6 Aug. 2017
All countries are now banned from importing North Korean coal, iron, lead and seafood products, and from letting in more North Korean laborers whose remittances help fund Kim Jong Un’s regime.

— Washington Post, "China urges N. Korea to halt tests as global pressure mounts," 6 Aug. 2017
Fifteen seats have been allocated for the millions of Senegalese living overseas in a nation where remittances exceed aid or direct foreign investment.

— malick ciss, Bloomberg.com, "Jailed Mayor, Ex-President Contest Senegal Parliamentary Vote," 28 July 2017
Bitcoin boosters like to focus on potential applications like international remittances, micropayments, and conventional retail sales.

— timothy b. lee, Ars Technica, "Officials arrest suspect in $4 billion Bitcoin money laundering scheme," 26 July 2017
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
Karpeles' defense had told a pre-trial consultation that the remittance was within the scope of the firm's revenue and not the embezzlement of customer funds, the Nikkei business daily reported on Tuesday.

— reuters, Fortune, "Mark Karpeles, CEO of Defunct Bitcoin Exchange Mt. Gox, Pleads Not Guilty in a Japanese Court," 11 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

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.