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- Dictionaryremittance/rɪˈmɪt(ə)ns/
noun
- 1. a sum of money sent in payment or as a gift: "complete your booking form and send it together with your remittance" Similar
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REMITTANCE definition: 1. an amount of money that you send to someone: 2. the act of sending payment to someone: 3. an…. Learn more.
Mar 5, 2024 · A remittance is money sent to another party, usually in another country. Typically, the sender is a foreign worker and the recipient is a relative in the recipient's home country....
Remittance is a noun that means a sum of money sent or an instrument by which money is sent. It can also mean the act of sending money to a distant place. Learn more about its synonyms, examples, history, and legal usage.
REMITTANCE meaning: 1. an amount of money that you send to someone: 2. the act of sending payment to someone: 3. an…. Learn more.
Nov 9, 2017 · A remittance is the sum of money being sent, generally to someplace abroad. Learn about different payment methods, fees, and exchange rates for remittances, and how to use Wise to save money and time.
A remittance is a non-commercial transfer of money by a foreign worker, a member of a diaspora community, or a citizen with familial ties abroad, for household income in their home country or homeland. Money sent home by migrants competes with international aid as one of the largest financial inflows to developing countries.
Sep 28, 2022 · The term 'remittance' derives from the word 'remit', which means 'to send back'. Remittance refers to an amount of money transferred or sent from one party to another, usually overseas. Remittances can be personal money transfers made to family and friends, as well as business payments.
