term:

Remit

remit vb

re·mit·ted
re·mit·ting
[Latin remittere to let go back, send back, give up, forgive, from re- back + mittere to let go, send]
vt
1 a : to release from the guilt or penalty of
b : to refrain from exacting [ a tax]
c : to cancel or refrain from inflicting [ the fine]
2 : to submit or refer for consideration, judgment, decision, or action
;specif
: remand
3 : to restore or consign to a former status or condition
4 : to send (money) to a person or place esp. in payment of a demand, account, or draft
vi
: to send money (as in payment)
re·mit·ment n

re·mit·ta·ble adj

Source: Merriam-Webster's Dictionary of Law ©1996. Merriam-Webster, Incorporated. Published under license with Merriam-Webster, Incorporated.