remittance

/ri'mitəns/

Thân thiện

A worker sends a remittance to his family back home.

Definition

1. Noun:
   • A payment of money sent to a person in another place: The act of sending money, or the sum of money itself, to a recipient, typically in a different location.

Usage

• Primary Use: Used to refer to money sent by a person working abroad to their family or others in their home country.
• Formal Context: Commonly used in financial, business, and official correspondence.

Examples

• Noun:
  • She sends a monthly remittance to her parents back home.
  • The company requires proof of remittance for the invoice payment.
  • International remittances are a vital source of income for many developing nations.

Advanced Usage

• "To make a remittance": To send a payment.
  • Please make the remittance to the bank account details provided.
• "Remittance advice": A document sent by a customer to a supplier, notifying them that their invoice has been paid.
  • The accounting department filed the remittance advice with the paid invoice.

Variants and Related Words

• Remit (verb): To send money as payment.
  • You can remit the fee via bank transfer.
• Remitter (noun): A person who sends a remittance.
  • The remitter's name must be on the transfer form.

Synonyms

• Payment: A sum of money paid.
• Transfer: An act of moving money from one account to another.
• Dispatch (of funds): The sending of money.

Related Phrases

• Remittance flow: The movement or total amount of money sent as remittances.
  • Remittance flows to the region increased last year.
• Remittance-dependent: Relying on money sent from abroad.
  • The local economy is largely remittance-dependent.

Học thuật

Noun

1. a payment of money sent to a person in another place

Từ đồng nghĩa

• remittal
• remission
• remitment