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Definitions

remittance

[ri-mit-ns] / rɪˈmɪt ns /












Example Sentences

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

The Middle East is home to roughly half of the more than two million Filipinos working overseas, and their remittances account for 10% of the economy.

From BBC

Nguyen adds that countries like the Philippines and India will experience a major contraction in overseas remittances from workers abroad, with a large number employed in and around the Middle East region.

From MarketWatch

For many workers, leaving is not an option having borrowed to pay recruitment agents for visas and jobs abroad and with families at home dependent on the remittances they send.

From Barron's

Many Nepalis work there, and more than a quarter of Nepal's GDP is made up of remittances, money sent home by workers.

From BBC

With a per capita GDP of roughly $1,500, the country relies heavily on remittances from overseas workers and tourism, particularly expeditions to Mount Everest and other Himalayan peaks.

From The Wall Street Journal