Remittance

Pronunciation: /riːˈmɪtəns/

Remittance (noun)

  1. Money that is sent to someone, usually to support family or friends in another place.
  2. A payment made for services or goods, often sent from one country to another.

Examples

  • A remittance can help support families in their home country.
  • A remittance is often required after the service is completed.

Common collocations: send a remittance, receive a remittance, process a remittance, issue a remittance

Synonyms of Remittance

Formal

Neutral

Antonyms of Remittance

  • — Remittance is the act of sending money, while debt is what is owed.
  • — Remittance involves sending money, whereas withholding means keeping it.