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Translate files Remittance
/rɪˈmɪtəns/
Meaning & Definition
noun
A sum of money sent, especially by mail, in payment for goods or services or as a gift.
She sent a remittance to her family in her home country to help them with expenses.
The act of sending money, especially to pay for something or to support someone financially.
The remittance of funds from expatriates plays a significant role in the economy of many developing countries.
A written acknowledgment of a payment.
Upon receipt of the remittance, the company issued a confirmation receipt.
Etymology
From the Latin 'remittere', meaning 'to send back'.
Common Phrases and Expressions
remittance advice
A document sent to the payee to confirm receipt of a payment.
international remittance
Money sent from one country to another.
remittance service
A company or service that facilitates the sending of money.
Related Words
transfer
The act of moving money from one account to another.
payment
The act of giving money to settle a debt or exchange for goods.
invoice
A document that itemizes and records a transaction between a buyer and a seller.
Slang Meanings
Money transfer
I used a mobile app for a quick remittance.
Cash sent home
He's always sending cash home as a remittance.