Remit (verb)

1. To send money or payment to someone, typically in another place.
2. To refrain from enforcing or imposing (a punishment or penalty).
3. To send (a matter) to an authoritative body for consideration or decision.

Origin:

From latin remittere ("send back, let go, relax, abate, remit"), from re- + mittere ("send").

Examples:

1. He remitted the money to his parents.
2. The court decided to remit the sentence.
3. The case was remitted to a lower court for further proceedings.
4. He remitted the debt.
5. The company has remitted the fine.