Word of the day: remittance

The word of the day is remittance:

< remit v. + -ance suffix. Compare later remittence n.

1. = remission n. (in various senses). Obs. rare. 

2. A sum of money or (formerly) a quantity of an item transferred from one place or person to another. Also: the action of transferring money, etc., to another place or person. (OED)

"The Fijian press has denounced Timoci Lolohea, Meridian’s director, as a 'fraudster' and 'con artist.' But some Fijian officials seemed to have condoned such activities, in the hope of bringing remittances from U.S. military operations. 'The government knows that more men are leaving for Kuwait and Iraq and it is a good thing, because it is providing employment for the unemployed,' Fiji’s Minister for Labor, Kenneth Zinck, said back in 2005."

 - Sarah Stillman, "The invisible army: for foreign workers on U.S. bases in Iraq and Afghanistan, war can be hell", 6 June 2011 The New Yorker