Legal Definitions - remittance

Remittance is when someone sends money to another person or place as payment for goods or services. It can also refer to the instrument used to send the money, such as a check or wire transfer.

• When I moved to a new country, I had to send a remittance to my landlord to pay for my rent.
• My friend sent a remittance to her family in another country to help them pay for medical expenses.
• My employer sends me a remittance every two weeks for my work.

These examples illustrate how remittance is used to send money for different purposes, such as paying rent, helping family members, or receiving payment for work. It can be done through various methods, such as wire transfers or checks.