noun
- money sent to someone, especially to family members in another country
Usage: plural form of remittance
Examples
- Workers abroad send remittances to support their families back home.
- The country’s economy relies heavily on remittances from overseas workers.
- Bank fees for international remittances can be quite expensive.
- Digital platforms have made sending remittances faster and cheaper.
- Remittances from migrant workers totaled billions of dollars last year.
- She receives monthly remittances from her son working in Canada.