remittance

noun

re·mit·tance | \ ri-ˈmi-tᵊn(t)s

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)

Synonyms Example Sentences Learn More about remittance

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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

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 Excluding those two payments, the Fed sent Treasury $62.2 billion in remittances in 2018, thanks in large part to the interest income the Fed earns on its portfolio of assets, or balance sheet. — Kate Davidson, WSJ, "Fed Sent Lower Remittances to U.S. Treasury in 2018," 10 Jan. 2019 Personal, noncommercial remittances to Iran or Iranian residents in other countries are generally allowed but money raised to pay for a medical treatment might require a specific license, the spokesman added. — Sumathi Reddy, WSJ, "One Family’s Struggle to Get Their Daughter Lifesaving Medication," 20 Jan. 2019 Regional banks are also using their geographical reach to act as natural conduits for cross-border flows of capital, such as migrants’ remittances. — The Economist, "As Western lenders retreat, African banks see an opportunity," 14 June 2018 Last month, the company introduced its mobile app in Mexico, where remittance inflows last year totaled $31 billion. — Ezequiel Minaya, WSJ, "Western Union Makes Digital Push Amid Fierce Competition for Money Transfers," 9 Oct. 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.