remittance
nounUK /rɪˈmɪt.əns/
US /rɪˈmɪt.əns/
Money that someone sends to another person, often to family far away.
She sends a monthly remittance to her parents in another country.
OTHER MEANINGS
2. The act of sending money to someone.
The remittance of funds usually takes two business days.
3. A sum of money sent in payment for goods or services.
The company received a remittance from its overseas client.
4. The cancellation of a debt or punishment.
The court granted a remittance of the fine.