Remittance

Pronunciation: /rɪˈmɪtəns/

Definitions of remittance

noun the action of sending money in payment or as a gift

Example Sentences

A1 I sent a remittance to my family back home.

A2 She received a remittance from her overseas employer.

B1 The company processes remittances for their clients efficiently.

B2 The bank charges a fee for processing international remittances.

C1 The government has implemented new regulations to monitor remittance transactions.

C2 Investors often use remittances as a way to diversify their portfolio.

Examples of remittance in a Sentence

formal The company sent a remittance to the supplier for the goods received.

informal I need to make a remittance to pay my monthly bills.

slang I'll shoot you a remittance for the concert tickets later.

figurative Love is the ultimate remittance for all the sacrifices we make.

Grammatical Forms of remittance

• past tense: remitted
• plural: remittances
• comparative: more remittance
• superlative: most remittance
• present tense: remits
• future tense: will remit
• perfect tense: has remitted
• continuous tense: is remitting
• singular: remittance
• positive degree: remittance
• infinitive: to remit
• gerund: remitting
• participle: remitted

Origin and Evolution of remittance

First Known Use: 1601 year

Language of Origin: Latin

Story behind the word: The word 'remittance' originated from the Latin word 'remittere', which means 'to send back'.

Evolution of the word: Originally used in the 17th century to refer to the act of sending money or payment to someone, the meaning of 'remittance' has evolved to include any form of money transfer or payment sent to another party, often in a different location.