The Collaborative International Dictionary of English v.0.48:

Remittance \Re*mit"tance\ (r?-m?t"tans), n.
   1. The act of transmitting money, bills, or the like, esp. to
      a distant place, as in satisfaction of a demand, or in
      discharge of an obligation.
      [1913 Webster]

   2. The sum or thing remitted. --Addison.
      [1913 Webster]

WordNet (r) 3.0 (2006):

remittance
    n 1: a payment of money sent to a person in another place [syn:
         remittance, remittal, remission, remitment]