Remittances

Definition:

Noun. Remittances are sums of money that people send to family members, households, or communities in another country. They can support household income, education, health care, and local economies.

In Newbeings usage, the term may also prompt analysis of whether business profits leave a Black American community rather than being reinvested locally.

Example: The family relied on remittances sent each month by a relative working abroad.

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