remittance
UK: rɪˈmɪt(ə)ns | US: rɪˈmɪt(ə)ns
n. a sum of money sent, especially by mail, as payment or a gift.
n. the act or process of sending money to someone at a distance.
remittance = re<back> + mit<send> + ance<noun suffix>
- re: Prefix meaning "back" or "again" (from Latin re-).
- mit: Root meaning "to send" (from Latin mittere).
- ance: Noun suffix indicating an action or process (from Latin -antia).
Etymology Origin:
The word remittance originates from Latin remittere ("to send back"), combining re- (back) and mittere (to send). It entered English via Old French remettre and evolved to specifically denote the act of sending money, reflecting its financial context in trade and commerce. The suffix -ance formalizes it as a noun describing the action or result of sending.
She received a remittance from her family abroad to cover her tuition fees.
The company processes international remittances efficiently.
Migrant workers often rely on remittances to support their families back home.
The bank charges a fee for handling remittance transactions.
His monthly remittance ensures his parents' financial stability.