remittance meaning

remittance means 'a sum of money sent, especially by mail'.

remittance :

payment, transfer

noun

▪ She sent a remittance to her family every month.

▪ She sent a payment to her family every month.

▪ The company received a remittance from the overseas branch.

▪ The company received a transfer from the overseas branch.

paraphrasing

▪ payment – transfer

▪ transfer – payment

▪ remittance – payment

▪ settlement – transfer

remittance

Pronunciation

remittance [rɪˈmɪtəns]

The stress is on the second syllable 'mmit' and sounds like 'ri-MIT-ance'.

Common phrases and grammar about remittance

remittance - Common meaning

noun
payment, transfer

Part of Speech Changes for "remittance"

▪ remit (verb) – to send money

▪ remitter (noun) – the person who sends money

▪ remittable (adjective) – able to be sent as remittance

Common Expressions with "remittance"

▪ send a remittance – transfer money

▪ receive a remittance – get transferred money

▪ international remittance – money sent abroad

▪ remittance advice – a notice of payment sent with the money


Important examples of remittance in TOEIC

Vocabulary examples from the TOEIC test

In TOEIC vocabulary questions, remittance usually refers to money sent from one place to another, often internationally.

▪He received a remittance from his parents overseas.
▪He got money sent from his parents abroad.

Example of a confusing word: remission (a reduction or cancellation of a debt)

▪He received a remission from his parents overseas.
▪He got a reduction of debt from his parents abroad.
"Remittance" refers to the act of sending money, especially to someone in another country, and is correctly used in the sentence "He received a remittance from his parents overseas." "Remission," however, means a reduction or cancellation of a debt or penalty and does not fit the context of sending money. The sentence "He received a remission" would imply a financial relief rather than a transfer of funds, making it incorrect in this context. Therefore, "remittance" is the correct choice.

Grammar examples from the TOEIC test

Remittance is used as a noun to denote the money sent, often appearing in financial contexts.

▪Please ensure your remittance reaches us by the end of the week.
▪Please make sure the payment reaches us by the end of the week.

remittance

Idioms and fixed expressions in TOEIC

bank remittance

'money transfer via bank', used when discussing financial transactions.

▪The bank offers an international remittance service.
▪The bank provides a service to transfer money abroad.

wire remittance

means 'electronic money transfer', used when specifying the transfer method.

▪They used a wire remittance to send funds quickly.
▪They used an electronic transfer to send funds quickly.

Differences between similar words and remittance

remittance

,

transfer

differences

remittance refers specifically to money sent, often internationally, while transfer is a more general term for moving something from one place to another.

remittance
▪She sent a remittance to her family.
▪She sent a transfer to her family.
transfer
▪transfer – move something from one place to another, broader meaning than remittance.
▪transfer means to move something, not necessarily money.

remittance

,

payment

differences

remittance specifically refers to money sent, while payment refers to money given for goods or services.

remittance
▪She sent a remittance for the tuition fees.
▪They processed a remittance for the invoice.
payment
▪They processed a payment for the invoice.
▪They processed a remittance for the invoice.

Words with the same origin as remittance

The origin of remittance

The word 'remittance' comes from the Latin 'remittere', meaning 'to send back'.

Word structure

It has the prefix 're' (again), root 'mitt' (send), and suffix 'ance' (noun), so remittance means 'the act of sending again'.

Words with the same origin

The root of remittance is 'mitt' (send). Words with the same root include 'transmit', 'commission', 'permit', and 'submit'.

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