The sending of money to someone at a distance.(noun)
The sum of money sent.(noun)
American Heritage(R) Dictionary of the English Language, Fifth Edition. Copyright (c) 2011 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.
Use "remittance" in a sentence
"A 200 dollar a month remittance is about all they need to get by, and do so well."
"Migration to the USA and dependence on remittance is becoming a way of life for more and more Mexicans in the central and southern parts of the country."
"There is too little competition and transparency in remittance markets, where transfer fees tend to be unrelated to cost."