Define remittance in the context of FGX services.

Remittance refers specifically to the transfer of money to another party, frequently to family members or loved ones who are living abroad. This definition highlights the nature of remittances as financial transactions that facilitate support and financial assistance across borders. In the context of FGX, which focuses on currency exchange and financial services for expatriates in the UAE, remittances are a crucial service, enabling individuals to send money home efficiently and safely.

While other options describe various financial activities, they do not capture the essence of remittances. The exchange of currency locally pertains more to domestic transactions rather than sending money abroad. The buying and selling of stocks refer to investment activities and do not relate to personal financial support. The process of applying for a loan is a form of borrowing rather than a method of transferring funds to another party. Thus, the focus on sending money, especially to support family members, is the defining characteristic of remittances within the FGX services framework.