Remittance

From Latin remittere, "to send back" (re-, "back," plus mittere, "to send"). The word first meant sending money back to settle an account; the modern sense keeps that literal core — funds sent back across a distance.

  1. noun · /ri-MIT-uns/

    Money sent home, typically by a worker abroad to family in their country of origin.

    It names a flow of money that quietly rivals foreign aid: for many countries, wages mailed back by migrants are a larger and steadier source of income than any government program.

    Her monthly remittance covered her parents’ rent and her younger brother’s school fees.

    A remittance is money sent home from work abroad; a dividend is money paid out from owning a piece of a business.