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remit (v.)

late 14c., remitten, "to forgive, pardon," from Latin remittere "send back, slacken, let go back, abate," from re- "back" (see re-) + mittere "to send" (see mission). Secondary senses predominate in English.

From c. 1400 as "refer for consideration or performance from one person or group to another;" early 15c. as "send to prison or back to prison." The meaning "allow to remain unpaid, refrain from exacting" (penalty, punishment, etc.) is from mid-15c. Meaning "send money (to someone) in payment" is recorded from 1630s. Related: Remitted; remitting.

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Definitions of remit from WordNet
1
remit (v.)
send (money) in payment;
remit $25
remit (v.)
hold back to a later time;
Synonyms: postpone / prorogue / hold over / put over / table / shelve / set back / defer / put off
remit (v.)
release from (claims, debts, or taxes);
The taxes were remitted
remit (v.)
refer (a matter or legal case) to another committee or authority or court for decision;
Synonyms: remand / send back
remit (v.)
forgive;
God will remit their sins
remit (v.)
make slack as by lessening tension or firmness;
Synonyms: slacken
remit (v.)
diminish or abate;
The pain finally remitted
2
remit (n.)
the topic that a person, committee, or piece of research is expected to deal with or has authority to deal with;
they set up a group with a remit to suggest ways for strengthening family life
remit (n.)
(law) the act of remitting (especially the referral of a law case to another court);
Synonyms: remission / remitment
From wordnet.princeton.edu