Definition of "remittance"

remittance

noun
countable and uncountable, plural remittances
1. The act of sending money to someone.
2. Money which is sent to someone, typically to someone in another country.
3. Money sent by a foreign worker back to their home country.
  Quotations
  It had been built on remittances, Lamin told me, sent back by a local young man who had been doing well, driving a cab in Amsterdam, until his luck changed and the money abruptly stopped.
  2016, Zadie Smith, Swing Time, New York, N.Y.: Penguin Press, page 203