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)

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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

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 remittances account for nearly 20 percent of the gross domestic product in El Salvador and Honduras and nearly 30 percent in Haiti, according to 2016 World Bank estimates. Nick Miroff, Washington Post, "U.S. embassy cables warned against expelling 300,000 immigrants. Trump officials did it anyway.," 8 May 2018 More Cubans started living on cash remittances sent from the United States. Frances Robles And Azam Ahmed, New York Times, "More Black Officials in Power in Cuba as Leadership Changes," 22 Apr. 2018 This leads to wide use of the greenback, which arrives through remittances and major aid agencies that operate here and mainly pay in the U.S. currency. Matina Stevis-gridneff, WSJ, "An Isolated Country Runs on Mobile Money," 8 July 2018 Indian émigrés sent home $69 billion in 2015, making their country the world’s top recipient of remittances. Vidhi Doshi, Washington Post, "Orange is the new blue: Why India wants to color-code its passports," 15 Jan. 2018 These remittances, other researchers point out, help foster economic growth and political reform. Beth Elise Whitaker, Washington Post, "What the ‘s---hole’ debate gets wrong about Africa," 18 Jan. 2018 Alibaba’s rival, Tencent, has also launched a Hong Kong-Philippines remittance service through its app, WeChat. Lucinda Shen, Fortune, "Alibaba's Ant Financial Just Launched a Blockchain-based Remittance Service," 26 June 2018 Such remittances are a significant portion of income for Filipino workers—representing about 10.2% of the Philipplines’ GDP in 2016, according to data from the World Bank. Lucinda Shen, Fortune, "Alibaba's Ant Financial Just Launched a Blockchain-based Remittance Service," 26 June 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

16 Nov 2018

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

: 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 \

Kids Definition of remittance

: money sent in payment

remittance

noun
re·​mit·​tance | \ri-ˈmit-ᵊns \

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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