Failure to pay an amount of money that is owed. 'non-remittance of taxes'

What is Remittable?

1. to transmit or send (money, a check, etc.), usu. in payment. ... 3. to refrain from exacting, as a payment or service. 4. to pardon or forgive (a sin, offense, etc.). 5. to slacken; abate.

What does we remit mean?

Remit means send back, and it has many uses. If you remit payment, you send it back to the person you owe it to. If you've been in prison for five years of a seven-year sentence but you've been on good behavior, a judge might remit the remainder of your sentence and let you go free.