What context can I use each word in?
Learn when and how to use these words with these examples!
remittance
Example
He received a remittance from his family in India. [remittance: noun]
Example
The remittance was made through an online transfer. [remittance: noun]
Example
She remitted some money to her sister to help with her studies. [remitted: verb]
settlement
Example
The two sides reached a settlement after months of negotiations. [settlement: noun]
Example
The town was founded as a settlement by early pioneers. [settlement: noun]
Example
He made a settlement on his outstanding credit card balance. [settlement: noun]
Good things to know
Which word is more common?
Remittance is more commonly used than settlement in everyday language, especially in the context of international money transfers. Settlement is more commonly used in legal or financial contexts.
Whatโs the difference in the tone of formality between remittance and settlement?
Settlement is typically associated with a formal and legal tone, while remittance can be used in both formal and informal contexts.
