How Do You Spell REMITTAL?
Pronunciation: [ɹɪmˈɪtə͡l] (IPA) 
Correct spelling for the English word "remittal" is [ɹɪmˈɪtə͡l], [ɹɪmˈɪtəl], [ɹ_ɪ_m_ˈɪ_t_əl] (IPA phonetic alphabet).
Pronunciation: [ɹɪmˈɪtə͡l] (IPA)
Correct spelling for the English word "remittal" is [ɹɪmˈɪtə͡l], [ɹɪmˈɪtəl], [ɹ_ɪ_m_ˈɪ_t_əl] (IPA phonetic alphabet).
Remittal is a noun that refers to the act of sending or giving something back, typically a sum of money. It is often used in the context of payments, refunds, or returns. Remittal can also denote the forgiving or pardoning of a debt or obligation.
In the realm of finance, remittal commonly alludes to the return of money to its rightful recipient. It can involve paying back a loan, reimbursing an overpayment, or refunding an erroneous charge. The process of remittal usually involves sending the funds back to the original payee, often through electronic means or by issuing a check.
Moreover, remittal can indicate the forgiveness or waiving of an owed amount. This occurs when a debtor is released from their obligation to repay the full debt due to special circumstances or an agreement with the creditor. In such cases, the outstanding balance might be discounted or repaid in installments.
Additionally, "remittal" can refer to the act of pardoning or forgiving a transgression or wrongdoing. It signifies the act of absolving someone from a penalty or punishment that they would typically incur for their actions.
Overall, remittal encompasses the act of repaying money, returning funds, or forgiving debts. It is a multidimensional term with financial and legal implications, highlighting the act of restoration, reconciliation, or exoneration.
A giving up; surrender.
Etymological and pronouncing dictionary of the English language. By Stormonth, James, Phelp, P. H. Published 1874.
The word "remittal" is derived from the verb "remit", which originated from the Latin word "remittere". In Latin, "remittere" is a combination of the prefix "re-" (meaning again or back) and "mittere" (to send). Hence, "remittere" signifies to send back or to send again. Over time, the verb "remit" developed in English with a meaning of sending money back or forgiving a debt. From this, the noun form "remittal" was created to refer to the act of remitting.
