Remit(redirected from remitment)
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Related to remitment: retainment
To send money to remove an obligation or liability, especially electronically or through a wire service. For example, if one receives a speeding ticket and wires the city government the fine, one is said to have remitted the speeding ticket. As a noun, "remittance" also refers to the amount of money that is sent.
To send payment for goods or services.