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Vocabulary Entry
remit
|verb • noun
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V
verb
To send money as a payment or to cancel out a debt.
Example Sentences
"I need to remit the payment for my utility bill."
"She decided to remit her membership fee for the upcoming year."
"After reviewing his account, the bank agreed to remit the fees charged incorrectly."
N
noun
A payment or transfer of money, often for services rendered.
Example Sentences
"The migrant workers send remits back home to support their families."
"Each remit is carefully documented to avoid any discrepancies."
"She received a remit from her relatives living abroad."