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English definition of “remittance”

remittance

noun     /rɪˈmɪt.əns/ US  /-ˈmɪt̬-/ formal
[C] an amount of money that you send to someone: She sends a small remittance home to her parents each month.Costs and expensesForms of money and methods of payment [U] the act of sending payment to someone: remittance advice/informationOffice practicesCosts and expenses
(Definition of remittance noun from the Cambridge Advanced Learner's Dictionary & Thesaurus © Cambridge University Press)
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