What context can I use each word in?
Learn when and how to use these words with these examples!
payment
Example
I made a payment for my online order using my credit card. [payment: noun]
Example
The payment for the car was made in installments over a period of two years. [payment: noun]
Example
We accept various forms of payment, including cash, credit card, and PayPal. [payment: noun]
remittance
Example
My parents send a monthly remittance to support my education. [remittance: noun]
Example
The remittance from my brother arrived yesterday, just in time for me to pay my rent. [remittance: noun]
Example
The bank charges a fee for processing international remittances. [remittance: noun]
Good things to know
Which word is more common?
Payment is a more common term used in everyday language, as it covers a wide range of financial transactions. Remittance is less common and is typically used in the context of international money transfers.
Whatโs the difference in the tone of formality between payment and remittance?
Payment is a versatile term that can be used in both formal and informal contexts, while remittance is more commonly used in formal or business settings due to its international nature.
