Remittance

/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
noun

The act of sending payment for something.

The remittance of fees was done promptly.
Visual representation of "remittance" - The act of sending payment for something

Often appears as...

  • late remittance
  • prompt remittance

Usage tips

Formal

Academic

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
noun

The act of sending payment for something.

The remittance of fees was done promptly.
Visual representation of "remittance" - The act of sending payment for something

Often appears as...

  • late remittance
  • prompt remittance

Usage tips

Formal

Academic

Definition 1 of 2
Visual representation of "remittance"
LampPro Tip 1/3

Cultural Importance

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

Illustration for Cultural Importance
Her remittance home represents care and sustenance.
LampPro Tip 2/3

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.
LampPro Tip 3/3

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.
LampPro Tip 1/3

Cultural Importance

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

Illustration for Cultural Importance
Her remittance home represents care and sustenance.
LampPro Tip 2/3

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.
LampPro Tip 3/3

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.
LampPro Tip 1/3

Cultural Importance

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

Illustration for Cultural Importance
Her remittance home represents care and sustenance.
LampPro Tip 2/3

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.
LampPro Tip 3/3

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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Video examples

What COVID-19 means for...

like, sending remittances, which are such a huge, important part of the world's economy. You know, you do it a traditional way, you go into a store and send the remittance to another store and somebody goes and picks it up.

Video examples

What COVID-19 means for...

like, sending remittances, which are such a huge, important part of the world's economy. You know, you do it a traditional way, you go into a store and send the remittance to another store and somebody goes and picks it up.

Example 1 of 1

Quote examples

Cameron Winklevoss

American Businessman

Bitcoin is both disruptive from a technology perspective, but there's a tremendous power of social good behind it. So you can both build a cool business or have a great investment return, and there's the promise of potentially improving the remittance industry or banking the unbanked.
Portrait of Cameron Winklevoss

Quote examples

Sri Mulyani Indrawati

Indonesian Economist

Being able to save, make non-cash payments, send or receive remittances, get credit, or get insurance can be instrumental in raising living standards and helping businesses prosper. It helps people to invest more in education or health care.
Portrait of Sri Mulyani Indrawati

Quote examples

Chanda Kochhar

Indian Businesswoman

The scope of activities for payments banks mainly includes acceptance of demand deposits, issuance of ATM/debit cards, payment and remittance services, and distribution of third-party products.
Portrait of Chanda Kochhar

Quote examples

Tom Tancredo

American Politician

The issue of remittances where we have millions of Mexicans working in the United States sending back dollars. He said they send back 10 billion dollars a year.
Portrait of Tom Tancredo

Quote examples

Joe Garcia

American Politician

To help advance democracy, we need to allow for the reunification of Cuban families and the direct sending of remittances to the island's brave dissidents.
Portrait of Joe Garcia

Quote examples

Kris Kobach

American Politician

We have the ability to shut down the flow of remittances to Mexico from illegal aliens working in the United States.
Portrait of Kris Kobach

Quote examples

Ben Rhodes

American Public Servant

Increased remittances to Cuba from the United States has helped Cuban families.
Portrait of Ben Rhodes

Quote examples

Cameron Winklevoss

American Businessman

Bitcoin is both disruptive from a technology perspective, but there's a tremendous power of social good behind it. So you can both build a cool business or have a great investment return, and there's the promise of potentially improving the remittance industry or banking the unbanked.
Portrait of Cameron Winklevoss

Quote examples

Sri Mulyani Indrawati

Indonesian Economist

Being able to save, make non-cash payments, send or receive remittances, get credit, or get insurance can be instrumental in raising living standards and helping businesses prosper. It helps people to invest more in education or health care.
Portrait of Sri Mulyani Indrawati

Quote examples

Chanda Kochhar

Indian Businesswoman

The scope of activities for payments banks mainly includes acceptance of demand deposits, issuance of ATM/debit cards, payment and remittance services, and distribution of third-party products.
Portrait of Chanda Kochhar

Quote examples

Tom Tancredo

American Politician

The issue of remittances where we have millions of Mexicans working in the United States sending back dollars. He said they send back 10 billion dollars a year.
Portrait of Tom Tancredo

Quote examples

Joe Garcia

American Politician

To help advance democracy, we need to allow for the reunification of Cuban families and the direct sending of remittances to the island's brave dissidents.
Portrait of Joe Garcia

Quote examples

Kris Kobach

American Politician

We have the ability to shut down the flow of remittances to Mexico from illegal aliens working in the United States.
Portrait of Kris Kobach

Quote examples

Ben Rhodes

American Public Servant

Increased remittances to Cuba from the United States has helped Cuban families.
Portrait of Ben Rhodes
Example 1 of 7
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