Remittances: meaning, definitions and examples
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remittances
[ rɪˈmɪtənsɪz ]
financial transactions
Remittances refer to the money that is sent by someone working in a foreign country to their family back home. These transactions are usually done through banks or specialized transfer services.
Synonyms
Examples of usage
- Many families in developing countries rely on remittances from their relatives working abroad.
- She sends a portion of her salary to her parents every month as remittances.
payments
Remittances can also refer to any money sent as payment for goods or services.
Synonyms
Examples of usage
- The company requested remittances for the products they had delivered.
- We will need your remittances to finalize the purchase.
Translations
Translations of the word "remittances" in other languages:
🇵🇹 remessas
🇮🇳 हवाला
🇩🇪 Überweisungen
🇮🇩 kiriman uang
🇺🇦 грошові перекази
🇵🇱 przekazy pieniężne
🇯🇵 送金
🇫🇷 transferts de fonds
🇪🇸 remesas
🇹🇷 para transferleri
🇰🇷 송금
🇸🇦 تحويلات مالية
🇨🇿 peněžní převody
🇸🇰 peňažné prevody
🇨🇳 汇款
🇸🇮 denarni transferji
🇮🇸 peningasendingar
🇰🇿 ақша аударымдары
🇬🇪 ფულადი გზავნილები
🇦🇿 pul köçürmələri
🇲🇽 remesas
Word origin
The term 'remittances' originated from the Latin word 'remittere,' which means 'to send back.' The concept of remittances has been prevalent throughout history, with individuals sending money to their families in different regions. In modern times, remittances play a crucial role in supporting families in developing countries and facilitating international financial transactions.