Word of the Day : May 20, 2019

remittance \rih-MIT-unss\ noun

Definition

1 a : a sum of money remitted

b : an instrument by which money is remitted

2 : transmittal of money (as to a distant place)

Did You Know?

Since the 14th century, the verb remit has afforded a variety of meanings, including "to lay aside (a mood or disposition)," "to release from the guilt or penalty of," "to submit or refer for consideration," and "to postpone or defer." It is derived from Latin mittere (meaning "to let go" or "to send"), which is also the root of the English verbs admit, commit, emit, omit, permit, submit, and transmit. Use of remittance in financial contexts referring to the release of money as payment isn't transacted until the 17th century.

Aired May 20, 2019

All Merriam-Webster content is available at www.merriam-webster.com