remittance

noun

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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 Then the Bitcoin remittance is sent to El Salvador. — Nicholas Hanlon, National Review, 16 Sep. 2021 El Salvador president Nayib Bukele says the country will save $400 million a year in remittance fees by adopting bitcoin. — John Detrixhe, Quartz, 14 Sep. 2021 In addition, World Bank remittance data shows that Sub-Saharan Africa is perennially the most expensive region for sending money. — Oluwaseun Adeyanju, Forbes, 14 Sep. 2021 Carlos Soriano, 29, visited one of the Chivo automatic tellers to receive remittance money sent by a relative in the United States. — Time, 9 Sep. 2021 Guatemala, Honduras and El Salvador have all had remittance increases of 25% to 30% this year. — Tribune News Service, Arkansas Online, 8 Sep. 2021 Guatemala, Honduras and El Salvador have all had remittance increases of 25 percent to 30 percent this year. — Dianne Solis, Dallas News, 3 Sep. 2021 If such means of remittance were embraced as standard legal practice, what a wonderful world this would be. — Naomi Fry, The New Yorker, 9 Aug. 2021 The most popular combinations, the report says, include payment, remittance, and business admin platforms; payment, lending, and financing companies; and investtech and personal finance platforms. — Carlos Mureithi, Quartz, 1 July 2021

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.