Dictionary
remittance
noun re·mit·tance \ri-ˈmi-tən(t)s\
: an amount of money that is sent as a payment for something
: the act of sending money as a payment for something
Full Definition of REMITTANCE
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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First Known Use of REMITTANCE
1705
Related to REMITTANCE
- Synonyms
- compensation, consideration, pay, recompense, payment, remuneration, requital
- Antonyms
- nonpayment
Other Economics Terms
REMITTANCE Defined for Kids
remittance
noun re·mit·tance \ri-ˈmi-təns\
Definition of REMITTANCE for Kids
: money sent in payment
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