from
Bouvier's Law Dictionary, Revised 6th Ed (1856)
TO REMIT. To annul a fine or forfeiture.
2. This is generally 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.
3. In commercial law, to remit is to send money, bills, or something
which will answer the purpose of money.