remittance

n.

1. The sending of money to someone at a distance.
2. The sum of money sent.

The process of sending money to remove an obligation. This is most often done through an electronic network, wire transfer or mail. The term also refers to the amount of money being sent to remove the obligation.

Investopedia Says:

When a person sends a check to the government to pay for a tax bill, the check is remittance to remove the tax obligation. If you were to send money to a friend in Europe through a wire-transfer service, the sum of the payment is the remittance.

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It's a part of everyone's life, and we all want it, but do you know how it gains value and how it is created? What Is Money?

1. Payment toward satisfaction of a debt, whether in cash or cash equivalents, such as checks, drafts, and other negotiable instruments.

2. Payment on an installment loan or open-end credit account, forwarded through the mail to a Lock Box along with a remittance document, a machine readable billing document encoded with the customer's account number, and the amount due, plus any late charges, if the loan payment is delinquent.

3. Proceeds from a check submitted to another bank for Collection.

This entry contains information applicable to United States law only.

Money sent from one individual to another in the form of cash, check, or some other manner.

Financial statements sent by a creditor to a debtor frequently refer to the process of submitting a monthly remittance.

IN BRIEF: Money sent in payment.

Did you receive the remittance for your work?

Dansk (Danish)
n. - remisse, betaling, overførsel af penge

Nederlands (Dutch)
overschrijving, overgemaakt geld

Français (French)
n. - versement, rente

Deutsch (German)
n. - Überweisung

Ελληνική (Greek)
n. - (χρηματικό) έμβασμα

Italiano (Italian)
rimessa

Português (Portuguese)
n. - envio (dinheiro) (m), remessa (f)

Русский (Russian)
денежный перевод

Español (Spanish)
n. - giro, transferencia, remesa de fondos

Svenska (Swedish)
n. - remittering, penningförsändelse

中文（简体）(Chinese (Simplified))
汇寄, 汇款额, 汇款

中文（繁體）(Chinese (Traditional))
n. - 彙寄, 匯款額, 匯款

한국어 (Korean)
n. - 송금, 송금수단

日本語 (Japanese)
n. - 送金, 送金額

العربيه (Arabic)
‏(الاسم) حواله‏

עברית (Hebrew)
n. - ‮תשלום, העברת כסף‬

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