Longman Dictionary of Contemporary English homepage

Topic: LOANS

remission

 noun
     
re‧mis‧sion
1 [uncountable and countable]MI a period when a serious illness improves for a time
in remission
The chemotherapy was successful, and she is now in remission.
The cancer has gone into remission.
2 [uncountable and countable] British EnglishSCJ a reduction of the time that someone has to spend in prison:
He was given six months' remission for good behaviour.
3 [uncountable] formalBFL when you allow someone to keep the money they owe you:
remission of debts
4

the remission of sins

formalRR forgiveness from God for the bad things that you have done
Definition of remission from the Longman Dictionary of Contemporary English within
the topic LOANS

Explore LOANS Topic

amortize APR borrowing powers collateral compound interest creditor credit rating creditworthy debenture debit note finance(n) finance(v) finance company foreclose hire purchase interest interest-free interest rate letter of credit liquidate liquidation liquidator loan moneylender money market moratorium mortgage(n) mortgage(v) official receiver owing payable prime rate promissory note redeem remission remit remortgage repay repayable repayment repossess reschedule secure security sequester sequestrate settlement simple interest surety undischarged usurer usurious usury venture capital

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