Remit: meaning, definitions and examples
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remit
[ rɪˈmɪt ]
financial transaction
To remit means to send money as payment or as a gift. It often refers to the act of sending money to settle a bill, debt, or account. Remitting can be done electronically or through traditional means such as mailing a check. This term is commonly used in banking and finance, particularly in terms of international transactions where money is sent across borders. In some contexts, remit can also mean to cancel or refrain from exacting or inflicting a debt or punishment.
Synonyms
Examples of usage
- I need to remit my monthly rent by the end of the week.
- She decided to remit a portion of her salary to help her family abroad.
- The company will remit payment for the services rendered next week.
money sent
A remit can also refer to a sum of money that is sent or transmitted as payment. This term is often associated with funds that are sent to support individuals or enterprises, especially in the context of migrant workers sending money back home. The remit usually consists of coordinated amounts that are intended to cover specific expenses such as education, healthcare, or daily living costs.
Synonyms
funds, money transfer, payment.
Examples of usage
- The remittance from her parents helps her cover tuition fees.
- Many countries rely on remits from citizens working abroad.
- The bank charges a small fee for processing remits.
Translations
Translations of the word "remit" in other languages:
🇵🇹 remessa
- enviar
- remitir
🇮🇳 भेजना
- भेजने
- रिमिट
🇩🇪 Überweisung
- remittieren
- send
🇮🇩 mengirim
🇺🇦 пересилати
- переказувати
- реміт
🇵🇱 przekaz
- wysłać
- remitować
🇯🇵 送金する
- 送る
- リミット
🇫🇷 envoyer
- remettre
- transmettre
🇪🇸 remitir
- enviar
- transferir
🇹🇷 göndermek
- remit
- iletmek
🇰🇷 송금하다
- 보내다
- 리미트
🇸🇦 إرسال
- تحويل
- تسليم
🇨🇿 poslat
- přenést
- remit
🇸🇰 poslať
- previesť
- remit
🇨🇳 汇款
- 发送
- 转交
🇸🇮 poslati
- prenesti
- remit
🇮🇸 sending
- remit
- send
🇰🇿 жөнелту
- жіберу
- ремит
🇬🇪 გადარიცხვა
- გზავნა
- რემიტი
🇦🇿 göndərmək
- remit
- transfer
🇲🇽 remitir
- enviar
- transferir
Etymology
The word 'remit' originates from the Latin term 'remittere', which means 'to send back' or 'to throw back'. It combines the prefix 're-' meaning 'back' and 'mittere' meaning 'to send'. The word evolved through Old French, arriving in Middle English in the late 14th century, where it retained the meaning related to sending or referring to something that is returned. Over the centuries, the term has expanded in usage, particularly in legal and financial contexts, encompassing not only the sending of money but also the idea of cancelling obligations or debts. The dual meanings of remit reflect the complexities of financial transactions and the historical roots of commerce and trade.