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Definitions from WordNet

Definitions from the Web

Remittance

Description:

Remittance refers to the act of sending money or transferring funds to someone, particularly to a distant location or a foreign country. It is often done by a person working in a different country to send money back to their home country to support their family or loved ones.

Usage:

As a noun:

1. The remittance received from his son abroad helped support the family financially.

2. She regularly sends a remittance to her parents to help with their living expenses.

3. The company offers a user-friendly platform for remittances, making it easier for people to send money internationally.

As a verb:

1. He remitted a large sum of money to his sister to pay for her college tuition.

2. We need to remit the payment promptly to ensure the goods are shipped on time.

3. They remit funds to various charitable organizations each month.

Possible Related Products:

• Remittance services
• Remittance software
• Remittance apps
• Foreign currency exchange services