remittance
US /rɪˈmɪt̬.əns/
UK /rɪˈmɪt̬.əns/
1.
a sum of money sent, especially by mail, in payment for goods or services or as a gift
:
•
She sent a monthly remittance to her family abroad.
•
Please include the invoice number with your remittance.
2.
the act of sending money to someone
:
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The bank facilitates international remittance services.
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The new system aims to streamline the process of remittance.