remittance Definition
- 1a sum of money sent, especially by mail, in payment for goods or services or as a gift
- 2the sending of money to someone at a distance
Using remittance: Examples
Take a moment to familiarize yourself with how "remittance" can be used in various situations through the following examples!
Example
He sends a monthly remittance to his family in his home country.
Example
The company received a remittance from their client for the services rendered.
Example
The remittance was delayed due to issues with the bank transfer.
remittance Synonyms and Antonyms
Synonyms for remittance
Phrases with remittance
a transfer of money from one country to another
Example
The company charges a fee for foreign remittances.
a document that accompanies a payment to provide information about the payment
Example
Please send us the remittance advice once you have made the payment.
a digital transfer of funds between accounts
Example
The company prefers electronic remittances for faster processing.
Origins of remittance
from Latin 'remittere', meaning 'send back'
Summary: remittance in Brief
The term 'remittance' [rɪˈmɪt(ə)ns] refers to the act of sending money to someone at a distance, or the sum of money sent, often as payment for goods or services. It includes phrases like 'foreign remittance,' which denotes a transfer of money from one country to another, and 'remittance advice,' which is a document accompanying a payment. 'Electronic remittance' refers to a digital transfer of funds.
