Remittance (noun)

1. The sending of money or payment to someone, typically in another place.
2. The money sent in such a way.

Origin:

From the verb remit, from latin remittere ("send back, let go, relax, abate, remit"), from re- + mittere ("send").

Examples:

1. He received a remittance from his parents.
2. The company received a remittance for the fine.
3. Remittances from abroad are a major source of foreign currency for many countries.
4. Many people depend on remittances from their relatives living abroad to make ends meet.
5. The remittance was sent through the bank.