remittances

Meanings

• Noun

  The act of sending money from one person or place to another, usually from a foreign worker to their home country.

  - "He makes regular remittances to support his family in India."
  - "The bank processes international remittances every day."

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Rhymes

Words rhyming with remittances
commitments , remitments , obligations

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Variants

List of all variants of remittances that leads to same result
remittance , remittances

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Etymology

origin and the way in which meanings have changed throughout history.

From the Latin word 'mittere', meaning 'to send'.

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Trivia

Any details, considerations, events or pieces of information regarding the word

1. Did you know that remittances are a larger source of income for some developing countries than foreign aid?

2. The first recorded use of the word 'remittance' was in 1554, according to the Oxford English Dictionary.

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Related Concepts

informations on related concepts or terms closely associated with the word. Discuss semantic fields or domains that the word belongs to

1. International Money Transfer: The process of sending money from one country to another, often through banks or money transfer services.

2. Foreign Worker: A person who works in a country other than their own, often to earn higher wages or to gain work experience.

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Culture

Any cultural, historical, or symbolic significance of the word. Explore how the word has been used in literature, art, music, or other forms of expression.

Remittances play a significant role in the economies of many developing countries, as they provide a source of income and help to reduce poverty. They have been the subject of numerous studies and have been featured in literature and art, such as the novel 'The God of Small Things' by Arundhati Roy, which explores the impact of remittances on a family in Kerala, India.

How to Memorize "remittances"

1. visualize
   

   - Imagine a person sending money to their family in another country through a money transfer service.

2. associate
   

   - Associate the word 'remittances' with the act of sending money to loved ones in another country.

3. mnemonics
   

   - Use the acronym 'R-M-T' to remember the meaning of remittances: 'R' for 'remitting', 'M' for 'money', and 'T' for 'transfers'.

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