Remit

Verb

Definition: Cancel or refrain from exacting or inflicting (a debt or punishment).

Definition: Send (money) in payment or as a gift.

Synonyms: Forgive, Pardon, Absolve, Exempt, Release

Antonyms: Exact, Impose, Enforce, Demand

Examples:

The company decided to remit the outstanding balance as a goodwill gesture.
He remitted $100 to his parents as a birthday gift.

Mnemonics:

"Re-Mit" - think of "remitting" a debt.

Etymology:

Origin:

Middle English, from Latin 'remittere', from 're-' (back) + 'mittere' (send).

Historical Usage:

The term has been used since the Middle Ages in the context of forgiving or waiving debts, and later evolved to include the meaning of sending money as well.

Related Idioms:

Idiom:

"Remit in full"

Explanation:

Refers to completely forgiving or canceling a debt or obligation.

Misconceptions:

Misconception:

Confusing 'remit' with 'submit'.

Explanation:

While both words contain the letters 'mit', they have distinct meanings. 'Remit' refers to canceling or sending, while 'submit' means to hand in or surrender something.