remittance

noun

re·​mit·​tance ri-ˈmi-tᵊn(t)s How to pronounce remittance (audio)
1
a
: a sum of money remitted
b
: an instrument by which money is remitted
2
: transmittal of money (as to a distant place)

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Since the 14th century, the verb remit has afforded a variety of meanings, including "to lay aside (a mood or disposition)," "to release from the guilt or penalty of," "to submit or refer for consideration," and "to postpone or defer." It is derived from Latin mittere (meaning "to let go" or "to send"), which is also the root of the English verbs admit, commit, emit, omit, permit, submit, and transmit. Use of remittance in financial contexts referring to the release of money as payment isn't transacted until the 17th century.

Examples of remittance in a Sentence

Remittance can be made by check or credit card. she always mails in her remittance on time so she won't ever be charged a late fee on her electric bill
Recent Examples on the Web The agency can use the cash paid by the private business owners to deliver remittances inside the island, skipping the step of hiring people to carry the money into the country. Nora Gámez Torres, Miami Herald, 9 May 2024 Nevertheless, conscious exploration goes beyond remittance and requires us to sustainably invest in African countries like Ghana to help drive progress. Essence, 4 Dec. 2023 See all Example Sentences for remittance 

These examples are programmatically compiled from various online sources to illustrate current usage of the word 'remittance.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.

Word History

Etymology

remit entry 1 + -ance

First Known Use

1672, in the meaning defined at sense 1a

Time Traveler
The first known use of remittance was in 1672

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Dictionary Entries Near remittance

Cite this Entry

“Remittance.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/remittance. Accessed 29 May. 2024.

Kids Definition

remittance

noun
re·​mit·​tance ri-ˈmit-ᵊn(t)s How to pronounce remittance (audio)
1
: money sent especially in payment
2
: a sending of money (as to a distant place)

Legal Definition

remittance

noun
re·​mit·​tance ri-ˈmit-ᵊns How to pronounce remittance (audio)
1
a
: a sum of money remitted
b
: an instrument by which money is remitted
2
: transmittal of money (as to a distant place)

More from Merriam-Webster on remittance

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