remittance en · NOUN
Pronunciation
- (Southern-England) audio
- /ɹɪˈmɪtəns/
Etymology
Etymology tree English remit Proto-Indo-European *-onts Latin -ns Latin -āns Proto-Indo-European *-(i)yós Proto-Italic *-ijos Proto-Italic *-ios Old Latin -ios Latin -ius Latin -ia Latin -āntia Old French -ancebor. Middle English -aunce English -ance English remittance From remit + -ance.
Meanings
-
(countable, uncountable) The act of sending money to someone.
remittance advice
- (countable, uncountable) Money which is sent to someone, typically to someone in another country.
-
(countable, uncountable) Money sent by a foreign worker back to their home country.
While the average cost of sending money to sub-Saharan Africa is the highest in the world, the cost of digital remittances to the region is less than the global average. If more Africans sent money home via digital services rather than cash, average remittance fees should fall, but receiving money online requires the internet, which is used in sub-Saharan Africa by only 37% of people, according to the World Bank.
2025 February 25, Joshua Korber Hoffman, “It costs more to send money to sub-Saharan Africa than anywhere else in the world: these companies are trying to change that”, in CNN, archived from the original on 02 Apr 2025:It had been built on remittances, Lamin told me, sent back by a local young man who had been doing well, driving a cab in Amsterdam, until his luck changed and the money abruptly stopped.
2016, Zadie Smith, Swing Time, New York, N.Y.: Penguin Press, →ISBN, page 203:
Forms
| Spelling | Features | Labels | Source |
|---|---|---|---|
| remittances | Number=Plur | lexicographic |
Deriveds
remittance woman · remittance man
Relateds
Translations (35)
fi maksuosoitus (money which is sent to someone) · nl overschrijving (money which is sent to someone) · fi remissi (money which is sent to someone) · ru де́нежный перево́д (money which is sent to someone) · de Überweisung (money which is sent to someone) · pt remessa (money which is sent to someone) · tr para havalesi (money which is sent to someone) · pl przekaz (money which is sent to someone) · cmn 匯款 /汇款 (act of sending money to someone) · fi rahalähetys (money which is sent to someone) · de Geldüberweisung (money which is sent to someone) · mi tukunga moni (act of sending money to someone) · es remesa (act of sending money to someone) · id pengiriman uang (money which is sent to someone) · bg паричен превод (money which is sent to someone) · ms kiriman uang (money which is sent to someone) · el έμβασμα (money which is sent to someone) · fi maksu (act of sending money to someone) · it rimessa (money which is sent to someone) · pl przelew (money which is sent to someone) · pl rymesa (money which is sent to someone) · tr para transferi (money which is sent to someone) · hu átutalás (money which is sent to someone) · mi moni tuku (money which is sent to someone) · fi rahan lähettäminen (act of sending money to someone) · fi maksaminen (act of sending money to someone) · pl przekaz (act of sending money to someone) · cmn 匯款 /汇款 (money which is sent to someone) · ru перево́д (money which is sent to someone) · es remesa (money which is sent to someone) · fr virement (money which is sent to someone) · pl przelew (act of sending money to someone) · pl wpłata (act of sending money to someone) · sl nakazilo (money which is sent to someone) · pl wpłata (money which is sent to someone)