Definition of remittance in English:

remittance

noun

  • 1A sum of money sent in payment or as a gift:

    ‘complete your booking form and send it together with your remittance’
    • ‘The Indian Post Office also hopes to get a 10% share of remittances sent this way.’
    • ‘Its significant sources of revenue are the tourist industry, remittances sent home by Dominicans abroad, and the sugar industry.’
    • ‘The sister replied and began to send an annual remittance of $300 after months of letters and telephone calls.’
    • ‘In a statement issued here today, the bank informed that the branch will provide a window to non-resident Indians for sending remittances to their families in India.’
    • ‘In the letters represented here, women were likelier than men to enclose remittances of either money or prepaid passage tickets for other family members.’
    • ‘In the case of Ghana, cash remittances total roughly US $250 million a year.’
    • ‘Is gender an important determinant in who sends remittances to Cuba?’
    • ‘It was surprising to find, however, that the earliest migrants were both more likely to send remittances and to send higher amounts of remittances.’
    • ‘Migrants who emigrated with their entire immediate families are less likely to send remittances to their remaining extended relatives.’
    • ‘As many as 80,000 of Japan's 130,000 foreign entertainers are Filipinos who send crucial remittances to their families at their home country.’
    • ‘However in hard economic times Irish emigrants had sent remittances home to sustain their families in Ireland.’
    • ‘These networks moved in both directions across the Atlantic, bringing immigrants in and sending remittances home.’
    • ‘The country has a severe trade imbalance that is partly compensated for by foreign aid from New Zealand and by remittances sent by islanders living abroad.’
    • ‘Many women send remittances overseas to family and friends, and this further hinders their capacity to assist others financially in Melbourne.’
    • ‘Roughly twenty percent of Moldova's population of 4.3 million work abroad and send remittances back home.’
    • ‘Both countries want the skilled professionals, while migrating professionals may not be as committed to sending remittances.’
    • ‘Overseas remittances from family members in New Caledonia contribute to the basic economy.’
    • ‘Waiters, gardeners and grape pickers send home monthly remittances averaging about $200 per family.’
    • ‘The country has an unfavorable trade balance, although it is alleviated somewhat by remittances sent by Mozambicans working in South Africa.’
    allowance, sum of money, consideration
    payment, settlement, money, fee
    View synonyms
    1. 1.1[mass noun] The action of sending money in payment or as a gift:
      ‘remittance may be made by credit card’
      • ‘The only reason we have been without this undisputed amount is because of the continuing sanctions on our fleet and have therefore not found it easy to arrange remittance of the monies which we so obviously wish to do.’
      • ‘Incorrect amounts will be returned for proper remittance.’
      • ‘One of the things keeping it alive is remittance.’
      • ‘Some of the other issues complained of were the dilapidated state of their palaces, late remittance of chiefs' allowances and failure by Government to procure uniforms for chiefs retainers.’
      • ‘He was a nineteenth-century male immigrant to Australia who was financially supported by regular remittance of funds from his wealthy or aristocratic family back home.’
      • ‘Such deposits and share contributions will end on August 30, to allow for remittance of money to input suppliers.’
      • ‘According to the police, a total of 11 cases of illegal remittance to China involving a total of 120 billion yen were uncovered during the period from 1992 to 2001.’
      • ‘There is also a wide discrepancy among the Middle Eastern countries' reliance upon workers' remittance.’
      • ‘If the investor does not want to write a check as a means of withdrawing funds, he or she can easily redeem shares by requesting payment by mail or by remittance through a wire transfer to his or her bank account.’

Pronunciation:

remittance

/rɪˈmɪt(ə)ns/