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.
Examples of remittance in a Sentence
Raymond Qu, Forbes.com, 28 Mar. 2025
Dozens of bank branches have been vandalized, looted or set on fire; hundreds of employees have left and Haitians in some regions of the country, who rely on the more than $3 billion in remittances sent from the diaspora annually to live, have difficulty getting cash due to a liquidity problems.
—Jacqueline Charles, Miami Herald, 4 Mar. 2025
Financial institutions may refuse to process remittance payments out of fear that some of the money will end up in the cartels’ hands—and put them on the hook, legally speaking.
—Vanda Felbab-Brown, Foreign Affairs, 17 Feb. 2025
The impact of remittances on Mexico’s economy is greater than both oil and tourism.
—John Tamny, Forbes, 12 Jan. 2025
See All Example Sentences for remittance
Cite this Entry
“Remittance.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/remittance. Accessed 15 Apr. 2025.
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remittance
noun
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remittance
noun
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