REMISSION

remission. 1. A cancellation or extinguishment of all or part of a financial obligation; a release of a debt or claim. [Cases: Release 1. C.J.S. Release §§ 2–3, 5–8, 19.] conventional remission. Civil law. A remission expressly granted to a debtor by a creditor having capacity to alienate. La. Civ. Code art. 1840. tacit remission. […]