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remittance (noun) – 1. The sending of money to someone at a distance.
2. The sum of money sent.

Remittance Man – A man living abroad on money sent from home, esp in the days of the British Empire. Someone kept at a distance with remittances. The family black sheep.

Source : The Free Dictionary

Etymology : 1705; Remit + -ance. Earlier in same sense were remitment (1610s of offenses; 1670s of money sent); remital (1590s).

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