What is the Meaning & Definition of remission
The term remission can refer to several meanings that vary depending on the use that is given to them. In a first meaning, the word remission is related to the idea of, for which a remission is an act by which refers to something already existing or earlier, for example when a person makes a written and makes a referral to a preexisting work (in this case, a referral would be a quote or paraphrase). But on the other hand, remission can also be understood as a debt forgiveness, which leads us to the legal field and law in which the term wins a completely different meaning.
The Act of sending in the first sense mentioned is a very common Act that anyone who writes can be performed. In this way, remission allows an individual to note things or texts that have already been posted before as relate or link what they say with what is writing again. Whenever we speak of remission, is pointing to who reference is made.
In the second sense of the word remission, we have other quite different meaning. Remission in judicial terms or law is not more nor less than the Act whereby a person or institution forgives a debt to another person or institution. This debt can be capital but also of any other type, established from the more or less explicit contract between the two parties. Remission can be done to help the indebted party, although sometimes this favor can be charged with long-term interests. The remission or forgiveness of a debt may be total or partial, as it can be voluntary or probate (i.e., when one of the two parties dies and with that simple act ends the debt that one of them kept with the other).
Remission as forgiveness of debts is something well known nowadays in international terms since there are several countries that ask for the forgiveness of its foreign debts to international fiscal organizations such as the IMF to carry out an orderly and adjustment-free economy.
The Act of sending in the first sense mentioned is a very common Act that anyone who writes can be performed. In this way, remission allows an individual to note things or texts that have already been posted before as relate or link what they say with what is writing again. Whenever we speak of remission, is pointing to who reference is made.
In the second sense of the word remission, we have other quite different meaning. Remission in judicial terms or law is not more nor less than the Act whereby a person or institution forgives a debt to another person or institution. This debt can be capital but also of any other type, established from the more or less explicit contract between the two parties. Remission can be done to help the indebted party, although sometimes this favor can be charged with long-term interests. The remission or forgiveness of a debt may be total or partial, as it can be voluntary or probate (i.e., when one of the two parties dies and with that simple act ends the debt that one of them kept with the other).
Remission as forgiveness of debts is something well known nowadays in international terms since there are several countries that ask for the forgiveness of its foreign debts to international fiscal organizations such as the IMF to carry out an orderly and adjustment-free economy.