**Remittances**
*Pronunciation:* rih-MI-tuhn-siz
**Definition:**
1. **(noun)** Sums of money sent by migrants back to their home country, typically to family members, which play a crucial role in supporting household income, economic stability, and development in the recipient’s homeland.
2. **Wealth Departure:** When a significant portion of the profits generated from immigrant owned businesses that operate in Black communities is sent as remittances back to the business owners’ home countries, rather than being reinvested in the Black community, it means less local capital. This has historically reduced the amount of money available for Black community development, further investments, and local charitable activities.