Remit
The Cyclopedic Law Dictionary · Walter A. Shumaker and George Foster Longsdorf; ed. James C. Cahill · 1922
The Cyclopedic Law Dictionary
To annul a fine or forfeiture. This is generaly done by the courts where they have a discretion by law; as, for example, when a juror is fined for nonattendance in court, after being duly summoned, and, on appearing, he produces evidence to the court that he was sick and unable to attend, the fine will be remitted by the court. In Commercial Law. To send money, bills, or something which will answer the purpose of money.