Remittance

usgb/rɪˈmɪtns/
noun

Money that somebody sends to another person, usually to their home country.

She sends a monthly remittance to her family in the Philippines.
Visual representation of "remittance" - Money that somebody sends to another person, usually to their home country

Often appears as...

  • send a remittance
  • receive a remittance
Definition 1 of 2
Visual representation of "remittance"
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Cultural Importance

Understanding 'remittance' involves recognizing its importance in supporting families across borders.

Illustration for Cultural Importance
Her remittance home represents care and sustenance.
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Economic Impact

'Remittance' can significantly contribute to the economy of a recipient's home country.

Illustration for Economic Impact
Nations often measure remittances to assess economic health.
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Emotional Connotation

'Remittance' often implies personal sacrifice, as senders may forego their own needs.

Illustration for Emotional Connotation
The remittance was smaller this month due to unforeseen expenses.
Visual representation of the word "Remittance"

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