Remittance
/ɹɪˈmɪtəns/ noun
noun ·Moderate ·College level
Definitions
Noun
- 1 The act of sending money to someone. countable, uncountable
"remittance advice"
- 2 a payment of money sent to a person in another place wordnet
- 3 Money which is sent to someone, typically to someone in another country. countable, uncountable
- 4 Money sent by a foreign worker back to their home country. countable, uncountable
"It had been built on remittances, Lamin told me, sent back by a local young man who had been doing well, driving a cab in Amsterdam, until his luck changed and the money abruptly stopped."
Example
More examples"If you cannot make full remittance, please get in touch with me by October 28, 1998."
Etymology
From remit + -ance.