remittance


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Related to remittance: Western Union

Remittance

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.

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 ?
'There will be months of ups and downs but by the end of the year, OF remittance growth should settle right at 3 to 4 percent and will help the Philippines chase
Pakistan has a trend of receiving the largest amount of remittances in a year in Ramazan.
- Get in-depth understanding of international inbound remittance across key states/regions of South Africa
On the other hand, the BSP chief said cash remittances coursed through banks increased by 5.7 percent to $2.61billion in May from $2.47 billion in the same month last year.
These cash remittances, according to BSP Governor Benjamin E.
"Remittances grew by more than 14 percent in India, where a flooding disaster in Kerala likely boosted the financial help that migrants sent to families," the Bank said.
From this we can estimate that 3.5 million children (40% of 9 million)in lower and lower-middle income countries are kept in school because of remittances.
No solutions are yet in sight for practices that drive up costs, such as de-risking action of banks, which lead to closure of bank accounts of remittance service providers.
Remittances to the Middle East and North Africa region are projected to grow by 9.1 per cent to US$59bn in 2018, following six per cent growth in 2017.
Remittance flows to countries in Europe and Central Asia remained robust in 2018, rising by about 20 per cent in 2018, reaching a new record high of $63 billion.
where A is a constant, R represents remittance income and r is the real interest rate.
UAE remittance inflows were recorded at $3.263 billion during July-April FY 2017-18 compared against $3.487 billion a year ago.