REMITT Meaning and
Definition
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The word "remit" serves as both a verb and a noun in the English language. As a verb, "remit" refers to the act of sending or transferring money or a payment to another person or entity. It involves the action of sending funds usually in the form of a payment, debt, or financial obligation. This transfer typically occurs through a specific method or medium, such as wire transfer, check, or electronic means. The purpose of remitting is to settle an outstanding financial obligation or to complete a monetary transaction.
As a noun, "remit" can refer to the area or scope of responsibility or authority that someone possesses. It delineates the specific tasks, duties, or subject matter that an individual or organization is accountable for. For instance, a company might have a finance department that oversees the remit of managing financial transactions, bookkeeping, and budgeting.
In a broader sense, "remit" can also refer to the act of forgiving or pardoning an offense or fault. It embodies the concept of absolving someone from the consequences or penalties associated with their actions. This definition is often employed in legal or administrative contexts, where a person in authority has the prerogative to remit a sentence, fine, or punishment.
Common Misspellings for REMITT
- eemitt
- demitt
- femitt
- temitt
- 5emitt
- 4emitt
- rwmitt
- rsmitt
- rdmitt
- rrmitt
- r4mitt
- r3mitt
- renitt
- rekitt
- rejitt
- remutt
- remjtt
- remktt
- remott
- rem9tt
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