remittance
Remittance (noun) means a sum of money sent to someone at a distance, especially money sent home by a person working in another country. Example: “Remittances from workers abroad account for a tenth of the country's income.”
How to Use Remittance
Learner’s notesIn plain EnglishMoney you send to someone, often back home to family.
Formal and financial.
Remittance is money sent; remission is money cancelled or a disease easing. They are not interchangeable.
Trace the full origin ↓Fill the Gap
Can you complete this real example?
_____ from workers abroad account for a tenth of the country's income.
Etymology
From remit, from Latin remittere "to send back", from re- "back" and mittere "to send".
Synonyms
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Rhymes for remittance
See all rhymes for remittance →Frequently Asked Questions
What is the difference between a remittance and a transfer?
A transfer is any movement of money between accounts, for any reason. A remittance specifically means money sent to someone else, most often across borders and most often to support family, so every remittance is a transfer but not every transfer is a remittance.
What is remittance advice?
It is a short document or slip sent with or after a payment telling the recipient which invoice the money covers. It is a courtesy note for reconciliation, not the payment itself.