noun
- people who send money to others, especially to family members in other countries
Usage: finance; economics
Examples
- Many remittors send money home to support their families.
- The bank offers special services for frequent remittors.
- Remittors often face high fees when transferring money internationally.
- Digital platforms have made it easier for remittors to send funds abroad.
- The government tracks large transactions from remittors for regulatory purposes.
- Remittors typically use wire transfers or money transfer services.