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REMIT

Remit is a word with several related meanings in English. As a noun, it denotes the scope of authority or responsibility assigned to a person or body; for example, “the committee's remit includes public health and safety.”

As a verb, remit has several distinct senses: to send money as payment—often used in international finance

Historically, the term comes from Latin remittere “to send back” through Old French remittre and into English;

Remittance, a related noun, specifically refers to money sent, typically by a person in one country to

as
“to
remit
funds.”
To
remit
a
debt
or
penalty
means
to
cancel,
reduce,
or
refrain
from
enforcing
it;
for
example,
“the
lender
agreed
to
remit
the
late
fee”
or
“the
court
remitted
part
of
the
sentence.”
It
can
also
mean
to
refer
a
case,
task,
or
responsibility
to
another
body,
as
in
“the
case
was
remitted
to
a
higher
court”
or
“the
matter
was
remitted
to
the
human
resources
department.”
the
common
phrase
“within
the
remit
of”
expresses
scope
or
jurisdiction.
In
British
English,
remit
is
widely
used
for
both
the
scope
of
duties
and
for
legal
or
financial
actions;
in
American
English,
remittance
is
more
common
for
money
transfers,
while
remit
in
the
sense
of
scope
is
understood
but
less
frequent.
another,
and
is
a
frequent
term
in
international
finance
and
migration
contexts.