Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

English definition of “remit”

remit

verb [T]
 
 
/rɪˈmɪt/ (-tt-)
FINANCE to send money to someone, especially as a payment for something: remit sth to sb/sth The British parent company of a multinational group may need to remit profits from its foreign subsidiaries to Britain, so that it has enough money to pay its own dividends.remit taxes/proceeds/funds Legislation requires businesses to collect and remit sales tax on a six-monthly basis.
LAW to order a legal case to be dealt with in a different court of law: be remitted to the court/tribunal The case will be remitted to the tribunal for reconsideration.
LAW to state legally that someone does not have to do something, for example pay a debt: The fine was calculated at £3,500 but was subsequently remitted.
(Definition of remit verb from the Cambridge Business English Dictionary © Cambridge University Press)
What is the pronunciation of remit?
Add Cambridge dictionaries to your browser to your website

More Business English definitions for “remit”

Definitions of “remit” in other dictionaries

Word of the Day

look on the bright side

to find good things in a bad situation

Word of the Day

The language of work

by Kate Woodford,
October 15, 2014
Most of us talk about our jobs. We tell our family and friends interesting or funny things that have happened in the workplace (=room where we do our job), we describe – and sometimes complain about – our bosses and colleagues and when we meet someone for the first time, we tell

Read More 

life tracking noun

October 20, 2014
the use of one or more devices or apps to monitor health, exercise, how time is spent, etc.

Read More