Real Dictionary

remit
In an appeal court, if a case is remitted to the court where it was originally dealt with, it is sent back to be dealt with there.
Someone's remit is the area of activity which they are expected to deal with, or which they have authority to deal with.
verb: If you remit money to someone, you send it to them.

remit in Accounting
verb: If you remit money, you send it as payment.

remit in American English
to forgive or pardon (sins, offenses, etc.)
intransitive verb: to transmit money, a check, etc., as in payment
noun: a transfer of the record of an action from one tribunal to another, particularly from an appellate court to the court of original jurisdiction
transitive verb: to transmit or send (money, a check, etc.) to a person or place, usually in payment

remit in British English
noun: the area of authority or responsibility of an individual or a group
verb: to send (money, payment, etc), as for goods or service, esp by post