2024年3月5日 · A remittance is money sent to another party, usually in another country. Typically, the sender is a foreign worker and the recipient is a relative in the recipient's home country.

The meaning of REMITTANCE is a sum of money remitted. How to use remittance in a sentence. Did you know?

A remittance is a non-commercial transfer of money by a foreign worker, a member of a diaspora community, or a citizen with familial ties abroad, for household income in their home country or homeland.

2022年9月19日 · Remittances are funds transferred from migrants to their home country. They are the private savings of workers and families that are spent in the home country for food, clothing,...

REMITTANCE meaning: 1. an amount of money that you send to someone: 2. the act of sending payment to someone: 3. an…. Learn more.

2022年9月28日 · Remittance refers to an amount of money transferred or sent from one party to another, usually overseas. Remittances can be personal money transfers made to family and friends, as well as business payments.

In simple terms, a remittance is the transfer of money to another country. They form a large part of the global economy, which depends upon the regular flow of money between nations. If you are one of the legions of people who send money across borders, it’s important to …

2024年9月2日 · Remittance refers to receiving/sending money abroad, often to support family or friends. It plays a crucial role in the global economy. If you've ever had to receive/send money from/to family or friends abroad, then you've engaged in a remittance transaction.

2024年4月9日 · Remittances refer to the transfer of money or financial resources by individuals living and working in one country (typically referred to as the sender or migrant) to their families or recipients residing in another country (receiving country).

Remittance can be defined as the overseas transfer of money from one party to another residing in another country. Remittances are of two types, inward and outward, which can be carried out by migrant workers from the host nation to their home country using wire transfer, bank transfer, or money transfer apps.