remission
rih-MISH-uhn
/rɪˈmɪʃ.ən/
The formal cancellation or reduction of a debt, penalty, charge, or fee.
Represents an official waiver or forgiveness of a financial obligation.
The story behind the word. From Latin 'remissio', coming from 'remittere' (to send back or relax). In classical usage, it referred to relaxing a tight grip or releasing a prisoner; in financial contexts, it means relaxing or canceling a debt burden.
Word relationships
- waiver: 'Waiver' is the act of giving up a legal claim or fee, while 'remission' refers to the formal cancellation of a monetary debt.
- imposition: Imposition is the levying of a tax or charge, whereas remission is its official cancellation.
Commonly confused with
- remittance: 'Remittance' is the money sent as payment; 'remission' is the forgiveness or waiver of a debt or fee.
Word family
- remit (verb): To cancel or forgive a debt or penalty; or to send money.
Collocations
- tuition remission
- debt remission
- remission of fees
- grant remission
Example sentences
- "Full-time faculty members at the university enjoy full tuition remission for their dependent children." Employee Benefits
- "The government proposed debt remission for graduates who entered public interest careers." Financial Policy
Memory hook
REMISSION RE-MISSES the payment—you don't have to pay it anymore! Remission lets the debt dismiss.
When not to use
Do not use 'remission' for everyday store discounts or promotional coupons.
Fun facts
- 'Tuition remission' is one of the most valuable benefit perks for university employees, often allowing family members to study fee-free.
Related words
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