remittance
noun
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Since the 14th century, the verb remit has afforded a variety of meanings, including "to lay aside (a mood or disposition)," "to release from the guilt or penalty of," "to submit or refer for consideration," and "to postpone or defer." It is derived from Latin mittere (meaning "to let go" or "to send"), which is also the root of the English verbs admit, commit, emit, omit, permit, submit, and transmit. Use of remittance in financial contexts referring to the release of money as payment isn't transacted until the 17th century.
Examples of remittance in a Sentence
Dan Gooding, MSNBC Newsweek, 30 June 2025
Initially confined to crypto exchanges, stablecoins like USDT and USDC now power payments in emerging markets, facilitate cross-border remittances and even support international trade.
—Chuck Zhang, Forbes.com, 25 June 2025
This past year, 18 states have proposed 29 different bills on taxing remittances, Tomasofsky said.
—Jacqueline Charles Miami Herald, Arkansas Online, 21 June 2025
There’s a new excise tax on university endowments and a new tax on remittances, or transfers of money that people in the U.S. send abroad.
—Kevin Freking, Twin Cities, 5 July 2025
See All Example Sentences for remittance
Cite this Entry
“Remittance.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/remittance. Accessed 25 Jul. 2025.
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remittance
noun
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remittance
noun
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