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inoh

remit

/ɹɪˈmɪt/

Meaning 1

To send money as payment.

“She will remit the payment by Friday.”
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Illustration of remit: To send money as payment.

Meaning 2

cancel or refrain from exacting payment

“They decided to remit the late fee this time.”
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Illustration of remit: cancel or refrain from exacting payment