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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....
The meaning of REMITTANCE is a sum of money remitted. How to use remittance in a sentence. Did you know?
REMITTANCE meaning: 1. an amount of money that you send to someone: 2. the act of sending payment to someone: 3. an…. Learn more.
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.
Remittance definition: the sending of money, checks, etc., to a recipient at a distance.. See examples of REMITTANCE used in a sentence.
May 4, 2022 · To remit - to send (money) to a person or place especially in payment of a demand, account, or draft¹. In other words, a remittance is the sum of money being sent, generally to someplace abroad, although it can also be made domestically.
A remittance is a payment that gets sent somewhere else. If you get a bill in the mail, you will usually have at least a week to send your remittance. To "remit" is to send money or make a payment and what you send is called remittance.
[uncountable] the act of sending money to somebody in order to pay for something synonym payment. Remittance can be made by cheque or credit card. Many countries place restrictions on the remittance of currency abroad. The goods will be dispatched on remittance of (= when you have sent) the full amount.
Nov 9, 2017 · To remit - to send (money) to a person or place especially in payment of a demand, account, or draft. In other words, a remittance is the sum of money being sent, generally to someplace abroad.
