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
Dan Perry, Newsweek, 31 Jan. 2025
The designation is so broad and vague that ranches in Texas or farms in California could be swept up by the penalties if their employees send remittances to family members in Mexico who are involved in organized crime.
—Maria Abi-Habib, New York Times, 22 Jan. 2025
Now Pérez and her husband have three U.S.-born children, and also relatives in Guatemala who still depend on their remittances because wages in their region hover around $6 a day.
—Giovanna Dell'orto, Twin Cities, 20 Jan. 2025
That would be devastating for the Mexican economy, which received $63.3 billion in remittances in 2023, nearly 5 percent of the country’s gross domestic product.
—Maria Abi-Habib, New York Times, 22 Jan. 2025
See all Example Sentences for remittance 
Dictionary Entries Near remittance
Cite this Entry
“Remittance.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/remittance. Accessed 8 Feb. 2025.
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remittance
noun
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remittance
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