remittance
/rɪˈmɪtəns/
noun
- A sum of money sent, especially as payment or to support someone in another place.
- He sends a monthly remittance to his parents back home.
- She received a remittance from her employer for travel expenses.
- The bank processed the remittance within two business days.
- The act of sending money as payment or to a distant person.
- Remittance of the fee is required before the service begins.
- The company handles remittance for all its overseas employees.
- Online remittance services have made international transfers much easier.