remittance
noun
uk/rɪˈmɪtəns/ us [ C ] FINANCE, COMMERCE
an amount of money that is sent somewhere as payment for something:
Complete the membership form and send it to the address below, together with your remittance for the membership fee.
[ U ] FINANCE, COMMERCE
the act of sending money somewhere as payment for something:
remittance of sth The bank permits remittance of dividends to non-resident shareholders.
remittance fees/service
remittances [ plural ]
ECONOMICS
money that is sent by a foreign worker back to their own country:
Immigrants sent $45 billion in remittances to Latin America last year.
About 1.5 million Dominicans live in the United States and help the economy by sending remittances back home.