Remit

To transmit or send. To relinquish or surrender, such as in the case of a fine, punishment, or sentence.

An individual, for example, might remit money to pay bills.

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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.