Remission
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....ssion is described as cancellation or relinquishment of the whole or a part of a financial obligation, voluntary release of a debt or claim to a debtor or person liable to a creditor or claimant havin....
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....e circumstances, be a reduction or even exemption of duty which would otherwise be payable. In Black's Law Dictionary, Remission is described as a cancellation or extinguishment ....
TaxTMI