Remittance and the U.S. $100 Bill

By Justin Stakes

By Major Van Harl

United States -(AmmoLand.com)- When I lived in Scotland as a child you heard the word remittance used a lot. When you paid your landlord, the rent you paid was your remittance to him.

When you paid your taxes to include your TV and radio usage tax, you paid your remittance. In the US the word remittance has a very different meaning. A remittance is when a foreign migrant person earns (hopefully) money on US soil and then transfers that income back to their home country.

Now if you are in the US legally on a temporary work visa then we assume you are working for a short time to earn cash to take back home to the mother country. Immigrants for the past two hundred plus years have been landing on these shores and sending money home.

In many cases it was to get the rest of their family members passage to America, but also to help the family that did not “come over.”

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Source:: AmmoLand