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Money sent from one individual to another in the form of cash, check, or some other manner.

Financial statements sent by a creditor to a debtor frequently refer to the process of submitting a monthly remittance.


noun acquittal, defrayal, defrayment, disbursement, expenditure, money sent, payment, pecunia, quittance, recompense, reimbursement, remuneration, reparation, transmittal
See also: amortization, benefit, collection, consideration, payment

REMITTANCE, comm. law. Money sent by one merchant to another, either in specie, bill of exchange, draft or otherwise.

References in periodicals archive ?
The continued demand for OF workers remained the key driver of sustained remittance inflows.
In terms of inter-region remittance outflow from SEA, the 3 largest remittance recipients are from Asia- Pacific, while most of the inflow came from North America and the Middle Eastern countries.
The moderation in the growth of remittances will be hard on many poor people.
The World Bank attributed the increase in remittances in part to those sent to Syrian refugees in Lebanon by their relatives abroad.
In line with the expected global economic recovery next year, the global flows of remittances are expected to accelerate by 4.
7 percent over 2014 when remittances declined by 6.
Based on the latest data released by the Department of Statistics and Information in 2013, the per capita remittances by foreigners reached SR 1,197 in August, the report said.
The top recipients of officially recorded remittances for 2013 are India (with an estimated $71 billion), China ($60 billion), the Philippines ($26 billion), Mexico ($22 billion), Nigeria ($21 billion), and Egypt ($20 billion).
These developments mark an unwelcome reversal of recent gains in the facilitation of cross-border remittances by migrants," said Ratha.
These remittances are nothing less than manna from heaven for the Indian economy, which is faced with a widening current account deficit ( CAD).
Remittances from GCC States to Pakistan may hit $10 billion in the new fiscal year as the government is confident of having positive results from fresh measures it announced to boost inflows from the UAE and Saudi Arabia.
FSC statistics show that cross-Strait remittances topped US$211 billion (NT$6,647 billion) in the first seven months, including US$134.