What Does Remitting Payment Mean?

: to send (money) as a payment. : to cancel or free someone from (a punishment, debt, etc.) remit. noun.

What do you mean by remitting?

verb (used with object), re·mit·ted, re·mit·ting. to transmit or send (money, a check, etc.) to a person or place, usually in payment. ... to refrain from exacting, as a payment or service. to pardon or forgive (a sin, offense, etc.). to slacken; abate; relax: to remit watchfulness.

What does do not remit payment mean?

Remit means send back, and it has many uses. If you remit payment, you send it back to the person you owe it to. If you've been in prison for five years of a seven-year sentence but you've been on good behavior, a judge might remit the remainder of your sentence and let you go free.