noun
definition
The act of transmitting money, bills, etc. to a distant place, in return or payment for goods purchased.
definition
That which is remitted; a payment to a remote recipient.
Examples of remittances in a Sentence
Formerly import duties were payable in currency, but in 1899 it was decided to collect 10% of them in gold to provide the government with specie for its foreign remittances.
By 1986 there were 26 tractors the capital having come from migrant worker remittances.
It is likely that profit remittances in the future will rise in response to the recent rise in FDI to Africa from the UK.
It is required to maintain itself out of inward remittances received from abroad through normal banking channels.
These charges constitute the home expenditure on revenue account, but there are also other remittances from India on capital account which bring up the total disbursements in England to an annual average of about 214 millions.
Various Armenian firms, one with branches at many places in Persia and Russia, also do banking business, while various European firms at Tabriz, Teheran, Isfahan, Shiraz and Bushire, facilitate remittances between Europe and Persia.
Ormonde, whose wife had been allowed by Cromwell's clemency to make him some remittances from the wreck of his estate, was largely and deservedly rewarded.