Pronunciation: [ɹˈiːmɪts] (IPA) 
The word "remits" is spelled as /rɪˈmɪts/. The first syllable "ri" is pronounced as "rih" with a short "i" sound, and the second syllable "mits" is pronounced as "mits" with a short "i" sound as well. The "e" in "remits" is silent and does not affect the pronunciation of the word. "Remits" is a verb that means to send money or payments. It is important to spell words correctly to ensure clear communication and avoid misunderstandings.
Remits, in the context of finance, refer to the transfer or delivery of money, funds, or payment from one person or entity to another. It involves the process of sending or transmitting money to fulfill a financial obligation, settle a debt, or make a payment. Remits can occur between individuals, businesses, organizations, or even countries.
The term "remits" can also describe the act of assigning or delegating a task, responsibility, or authority to someone or a group. It involves entrusting a particular job or duty to a person with the expectation that it will be performed effectively and efficiently. In this sense, remits emphasize the transfer of responsibility or control.
In the broader sense, remits can encompass a wide range of activities, such as money transfer services, online payment platforms, wire transfers, or any other method of monetary exchange. These transfers may be facilitated through various means, including banks, financial institutions, electronic payment systems, or even through traditional methods like checks or cash.
The term can also be used in a legal context, where a court of law or an authority may remit or refer a case or matter to another court or tribunal for further action or consideration. This implies the transfer of legal jurisdiction or responsibility for a specific matter.
Overall, "remits" are associated with the movement, transfer, or delegation of funds, responsibilities, tasks, or legal matters from one entity or person to another.
* The statistics data for these misspellings percentages are collected from over 15,411,110 spell check sessions on www.spellchecker.net from Jan 2010 - Jun 2012.
The word remit has its origins in Old French and Latin.
In Old French, the word remettre meant to send back, put back, restore, derived from the Latin word remittere which meant to send back, let go back, restore.
The Latin word remittere is a combination of the prefix re- meaning back, again and the verb mittere meaning to let go, send.
Over time, the word remit in English developed various meanings, including to forgive, pardon, to restore, return to a previous condition, and to convey, refer. It is now commonly used to mean to send (money) to someone as a payment or a gift.
