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Related to remittance: Western Union


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 ?
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.
Looking at the World Bank's assessment on a slowdown in remittances because of the lack of major investments in the last one year, from the time oil prices started declining, we do agree that the remittance growth has also slowed.
Summary: Expatriates' remittances to Lebanon increased by 13.
The 2015 remittance growth rates are the slowest since the global financial crisis in 2008/09.
International remittances sent via mobile technology accounted for less than 2 percent of remittance flows in 2013, according to the latest available data.
Westpac would close the accounts of remittance agencies on Dec 24, but would keep open until March 31 accounts of 20 remitters who filed a class action suit to give them time to find other companies that offer remittance services.
Remittances of foreign workers dropped by 8 percent in August for the second consecutive month to reach SR11.
The United States is the source of about three-quarters of remittances to the region, followed by Spain.
ISLAMABAD -- The developing world is expected to receive $414 billion in migrant remittances in 2013, an increase of 6.
This runs contrary to the G20 commitment to lower remittance costs.
Muscat: Remittance flows to developing countries have more than quadrupled since 2000, and global remittances, including those to high-income countries, are estimated to have reached $514 billion in 2012, compared with $132 billion in 2000, according to data issued by the World Bank.