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
Kelly Phillips Erb, Forbes.com, 21 June 2025
About a tenth of the country’s population works abroad, sending back more than $30 billion in remittances each year.
—Jeff Chu, Travel + Leisure, 16 June 2025
The bill would impose a 3.5% tax on remittances sent out of the country by any non-U.S. citizen.
—Morgan Kromer, The Washington Examiner, 5 June 2025
The most obvious use cases for stablecoins include peer-to-peer payments, business-to-business payments and cross-border payments and remittances, according to Well Fargo.
—Tanaya MacHeel, CNBC, 29 May 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 3 Jul. 2025.
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remittance
noun
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remittance
noun
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