1. a sum of money sent as payment or gift, especially to someone in another place
2. the action of sending money as payment

Examples

• She sent a monthly remittance to her parents overseas.
• The bank processed the remittance within two business days.
• Workers abroad often send remittances to support their families.
• Please include your account number with the remittance.
• The remittance covered the full amount of the invoice.
• International remittances are an important source of income for many developing countries.
• The company requires remittance within 30 days of billing.