Origin: Latin suffix -ance
Remittance has 2 different meanings across 1 category:
a payment of money sent to a person in another place
"Her mother sends her a weekly remittance from abroad to help cover rent and groceries."
The act of transmitting money, bills, etc. to a distant place, in return or payment for goods purchased.
"The merchant received his remittance just as the shipment of spices arrived from the colonies."