Remittances

ri-mit-uhnz

Noun

formal english definition

A sum of money that is sent locally or internationally.

EXPLAIN LIKE I'M 5-YEARS-OLD (ELI5) definition

A remittance is an amount of money sent from one person to another. It is more commonly used to refer to an amount of money sent by someone abroad back home.

COMPREHENSIVE definition

A remittance refers to any amount of money exchanged between two parties. It is typically used to refer to cross-border payments wherein a foreign worker sends money back to their family back at their home country.

Other local languages
Tagalog definition

Pera na ipinadala sa ibang lugar, lokal o internasyonal.

Cebuano definition

Usa ka kantidad sa kwarta nga gipadala sa lokal o internasyonal.

Ilocano definition

Ti dagup ti amin nga cuarta nga naipadala magapu itilokal wennu internasyonal.