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
Hugh Son, CNBC, 7 Mar. 2025
In 2023, remittances accounted for 24% of El Salvador's gross domestic product and nearly 30% of Honduras' GDP.
—Sarah Kinosian, USA TODAY, 26 Dec. 2024
Personal income and remittances also haven’t risen as fast as condo prices, added.
—Ian Sayson, Forbes, 24 Feb. 2025
Countries such as Egypt, Jordan, and Tunisia remain unable to reduce their overdependence on foreign aid and remittances, which suppresses productive activity.
—Marwan Muasher, Foreign Affairs, 21 Feb. 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 23 Mar. 2025.
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remittance
noun
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remittance
noun
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