remittancere·mit·tance /rɪˈmɪtəns/ noun formalACCOUNTINGFINANCE1[countableC] an amount of money sent somewhere to pay for somethingLower oil prices and improved remittances from overseas workers have eased pressure on foreign reserves.
Our Finance Department cannot trace your remittance.
2[uncountableU] when money is sent somewhereThere have been no restrictions on the remittance of profits abroad.