1 remittance | Definition of remittance

remittance

noun
re·​mit·​tance | \ ri-ˈmi-tᵊn(t)s How to pronounce remittance (audio) \

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

In 2018, Nigeria received over $25 billion in remittances, a figure which exceeded the country's federal budget of $23.7 billion for that year. — David Hundeyin, CNN, "Opinion: FBI fraud busts dent Nigeria's global reputation," 29 Aug. 2019 Facebook has been keen to plug Libra as a solution for remittances to poor countries and for the unbanked. — Gregory Barber, WIRED, "Everyone Wants Facebook's Libra to Be Regulated. But How?," 18 July 2019

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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More Definitions for remittance

remittance

noun

English Language Learners Definition of remittance

formal
: 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 How to pronounce remittance (audio) \

Kids Definition of remittance

: money sent in payment

remittance

noun
re·​mit·​tance | \ ri-ˈmit-ᵊns How to pronounce remittance (audio) \

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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