Law Dictionary Definitions

remittee. One to whom payment is sent. [Blacks Law 8th]

  remittance advice.See ADVICE. [Blacks Law 8th]

  remittance. 1. A sum of money sent to another as payment for goods or services. 2. An instrument (such as a check) used for sending money. 3. The action or process of sending money to another person or place. [Blacks Law 8th]

  remit,vb.1. To pardon or forgive <the wife could not remit her husband’s infidelity>.2. To abate or slacken; to mitigate <the receipt of money damages remitted the embarrassment of being fired>.3. To refer (a matter for decision) to some authority, esp. to send back (a case) to a lower court <the appellate court remitted the…

  remission. 1. A cancellation or extinguishment of all or part of a financial obligation; a release of a debt or claim. [Cases: Release 1. C.J.S. Release §§ 2–3, 5–8, 19.] conventional remission.Civil law. A remission expressly granted to a debtor by a creditor having capacity to alienate. La. Civ. Code art. 1840. tacit remission.Civil…

  remissio injuriae (ri-mis[h]-ee-oh in-joor-ee-ee). [Latin] Hist. Forgiveness of the offense. [Blacks Law 8th]

  remise (ri-mIz), vb. To give up, surrender, or release (a right, interest, etc.) <the quitclaim deed provides that the grantor remises any rights in the property>. [Blacks Law 8th]

REMIC (rem-ik orree-mik).abbr.REAL-ESTATE-MORTGAGE INVESTMENT CONDUIT. [Blacks Law 8th]

  réméré (ray-may-ray), n.[French] The right of repurchase. [Blacks Law 8th]

  remedy, mutuality of.See MUTUALITY OF REMEDY. [Blacks Law 8th]