Remittances
/rəˈmɪt.ənsɪz/
Definitions
- (n.) Funds sent, typically by a foreign worker to an individual in their home country, often governed by financial and tax regulations.
The migrant’s remittances provided vital support to their family back home.
Forms
- remittance
Related terms
See also
Commentary
Remittances in legal contexts often involve compliance with anti-money laundering laws and taxation rules, requiring precise drafting regarding source, recipient, and purpose of funds.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.