remittance
noun
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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.
Synonyms
Examples of remittance in a Sentence
Jay Weaver, Miami Herald, 13 June 2024
Because of the country’s lack of resources, the economy is struggling, reliant on remittances sent by migrants—Tajikistan has one of the highest shares of remittances to GDP ratios—and heroin trafficking from Afghanistan.
—Marlene Laruelle, Foreign Affairs, 14 May 2024
Campesinos had to rely on loans or remittances from family members abroad to develop avocado orchards.
—Viridiana Hernández Fernández, Discover Magazine, 3 June 2024
But sources in Cuba and the American business community have questioned how much of the remittance market Western Union is capturing because many transactions have moved to the informal market operating in dollars.
—Nora Gámez Torres, Miami Herald, 31 May 2024
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.
Dictionary Entries Near remittance
Cite this Entry
“Remittance.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/remittance. Accessed 4 Jul. 2024.
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remittance
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remittance
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