English version

remit in Finance topic

From Longman Dictionary of Contemporary Englishremitre‧mit1 /rɪˈmɪt/ verb (remitted, remitting) formal  1 [intransitive, transitive]BFPAY FOR to send a payment Please remit payment by cheque.2 [transitive]BFLSCC to free someone from a debt or punishmentunremitting remit something to somebody/something→ See Verb table
Examples from the Corpus
remitApparently the intention of the testator is to remit a debt, so this is in effect a bequest of liberatio.Poor households had their rates bill reduced or remitted altogether under the housing benefit scheme.I have considered whether this is a case which I should remit for hearing before the justices.The airline collected the tax and remitted it to the federal government.Although the move was defeated and the renationalisation policy endorsed, party members voted to remit the controversial proposal for further consideration.When the item is sold, the amount loaned against the item must be remitted to the lender.The memorandum was remitted to the officers of both bodies for detailed consideration and report at a subsequent meeting.Landlessness was also seen as an element of poverty and encouraged large families so that children could earn and remit wages.He filed a tax return but failed to remit what he owed.