What is the meaning of Remit?

To transmit or send (e.g. money in payment); to supply.

To forgive, pardon (a wrong, offence, etc.).

To refrain from exacting or enforcing; to cancel.

To give up; omit; cease doing.

To allow (something) to slacken, to relax (one's attention etc.).

To show a lessening or abatement (of a specified quality).

To diminish, abate.

To refer (something or someone) for deliberation, judgment, etc. (to a particular body or person).

To send back.

To give or deliver up; surrender; resign.

To restore or replace.

To postpone.

To refer (someone to something), direct someone's attention to something.

Terms of reference; set of responsibilities; scope.

A communication from a superior court to a subordinate court.

third-person singular past historic of remettre

Source: wiktionary.org