remittance

Universal Words noun 1 [C] (formal) a sum of money that is sent to sb in order to pay for sth: Please return the completed form with your remittance. 2 [U] the act of sending money to sb in order to pay for sth: Remittance can be made by cheque or credit card. * Many countries place restrictions on the remittance of currency abroad. * The goods will be dispatched on remittance of (= when you have sent) the full amount.