What does remittable mean?
Remittable is an adjective meaning capable of being sent or transferred, especially when money is involved. It is commonly used for payments, balances, taxes, and other sums that may be remitted to a recipient or deposited into another account. In banking and legal writing, describing a sum as remittable indicates that the necessary transfer is permissible and can be carried out. The word is more precise than a general description such as transferable because it focuses on the movement of funds from one person or institution to another. It is primarily a formal, specialist term rather than everyday vocabulary, appearing in finance, taxation, insurance, commerce, and legal contexts. Remittable is related in meaning to remittance, the act or process of sending money, and to remit, the verb for sending a payment or sum to someone.
adjectiveCapable of being remitted, especially of referring to money that can be sent to another person or institution as payment.
- Capable of being remitted; able to be sent as money or otherwise transferred to the person or institution entitled to receive it.
"The bank advised that the international transfer was remittable and would be credited to the recipient's account."
"The company was told that the balance was remittable to its overseas partner."
"Under the agreement, all remittable income must be paid into the designated account."
Remittable describes the practical moment when money becomes transferable: a sum can leave one account and reach another.
Reviewed by Deb Chak, Editor. AI-assisted content curated by RJS Tech Solutions LLP.
Where does remittable come from?
The word derives from remit, which comes from Latin remittere, meaning “to send back,” formed from re- and mittere, “to send.” The adjective remittable was formed by adding the suffix -able to the base meaning “able to be sent,” while related forms include remitter and remittance. Its financial use developed from the older sense of sending money, especially as payment.
Related word forms
How remittable is actually used
Chiefly used in finance, banking, taxation, and legal contexts. It is more specific than simply 'transferable' because it usually implies that money is being sent to another party.
Easily confused with remittable
No distinction is needed; remittable is the headword itself.