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
Kate Linthicum, Los Angeles Times, 30 Sep. 2024
Still, a confrontation with Washington may not be in Sheinbaum's or Mexico’s interest since the U.S. is the country's prime source of both foreign investment and remittances, the earnings sent home by migrants working north of the border.
—Eduardo García, San Antonio Express-News, 29 Sep. 2024
Global remittances service provision is a highly fragmented market with no single company commanding greater than 20% market share.
—Kenneth Squire, CNBC, 14 Sep. 2024
Additionally, businesses utilizing cash accounting can delay VAT remittance by scheduling customer payments at the beginning of the next tax period rather than at the end of the current period.
—Aleksandra Bal, Forbes, 8 Sep. 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 5 Oct. 2024.
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remittance
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remittance
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