remittance
noun
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Since the 14th century, the verb remit has afforded a variety of meanings, including "to lay aside (a mood or disposition)," "to release from the guilt or penalty of," "to submit or refer for consideration," and "to postpone or defer." It is derived from Latin mittere (meaning "to let go" or "to send"), which is also the root of the English verbs admit, commit, emit, omit, permit, submit, and transmit. Use of remittance in financial contexts referring to the release of money as payment isn't transacted until the 17th century.
Examples of remittance in a Sentence
Kevin Freking, Twin Cities, 5 July 2025
The United States is the world's largest source of these transfers, known as remittances.
—Sarah D. Wire, USA Today, 3 July 2025
The legislation dramatically increases fees for immigration paperwork, raises taxes on U.S. citizens with immigrant relatives, and imposes taxes on remittances—or money sent from the U.S. to other countries.
—Irina Ivanova, Fortune, 3 July 2025
That’s an outflow of $171 billion from healthy trade that benefits both countries and far greater than the remittances.
—Chicago Tribune, 30 June 2025
See All Example Sentences for remittance
Cite this Entry
“Remittance.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/remittance. Accessed 14 Jul. 2025.
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remittance
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remittance
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