remittance Meaning, Definition & Usage

  1. noun a payment of money sent to a person in another place
    remitment; remission; remittal.

WordNet

Re*mit"tance noun
Definitions
  1. The act of transmitting money, bills, or the like, esp. to a distant place, as in satisfaction of a demand, or in discharge of an obligation.
  2. The sum or thing remitted. Addison.

Webster 1913