remitre·mit1 /rɪˈmɪt/ verb (remitted, remitting) [transitiveT] British EnglishBrE formal1FINANCEto send a payment to a person or placea ban preventing companies from remitting profits, dividends or capital abroad
remit something to somebody/somethingOur overseas branches remit a small proportion of their profits to the parent company.
2LAW to send a legal case from a high court to a court that deals with less important casesremit something to somethingThe appeal was remitted to the Employment Tribunal for a fresh hearing.
3LAWFINANCEto free someone from a debt or punishmentThe court has the power to remit the debt.