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Remittance

//ɹɪˈmɪtəns// noun

Definitions

Noun
  1. 1
    The act of sending money to someone. countable, uncountable

    "remittance advice"

  2. 2
    a payment of money sent to a person in another place wordnet
  3. 3
    Money which is sent to someone, typically to someone in another country. countable, uncountable
  4. 4
    Money sent by a foreign worker back to their home country. countable, uncountable

    "It had been built on remittances, Lamin told me, sent back by a local young man who had been doing well, driving a cab in Amsterdam, until his luck changed and the money abruptly stopped."

Etymology

From remit + -ance.

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