remit interest

USAGE SUMMARY

The phrase "remit interest" is correct and usable in written English.
It can be used in financial contexts, particularly when discussing the payment or forgiveness of interest on a loan or debt. Example: "The bank decided to remit interest on the overdue account as a gesture of goodwill."

✓ Grammatically correct

Academia

News & Media

Science

Human-verified examples from authoritative sources

Exact Expressions

2 human-written examples

(i) To remit interest or dividends on such deposits, net of any service or fees, at least quarterly, to the Rhode Island Bar Foundation (the "Foundation").

Cornell University

These particular individuals were selected on the grounds that they had a remit, interest and experience of quality and safety oversight at hospital board level.

BMC Health Services Research

Human-verified similar examples from authoritative sources

Similar Expressions

58 human-written examples

The Bank of England had a "sufficiently wide remit" on interest rates, that allowed it to take into account the wider economy.

Independent

While engaged in these years mainly with theoretical studies, Mill did not remit his interest in current politics.

Encyclopedia Britannica

In 1827, the money was deposited in Ontario Bank in Canandaigua, New York, and in 1855 it was paid to the United States treasury, which began remitting the interest to the Seneca Nation.

Wikipedia

Under the plans, it would retain this remit for setting interest rates in order to steer a course for inflation towards 2%, while maintaining independence.

The Guardian - Business

The Bank has a remit to set interest rates so that inflation can be brought back to target within a "reasonable time period".

The Guardian - Business

Cell penetrating peptides hold considerable potential for academic and pharmaceutical remits with an interest in delivering macromolecules to the insides of cells.

Journal of Controlled Release

As well as motorsport, the FIA's remit includes the interests of motorists worldwide, an area in which Mosley wanted to involve himself: "That is what really interested me: [in F1] you maybe save one life every five years, whereas [in] road safety you are talking about thousands of lives".

Wikipedia

This equation is represented in Figure 5 by the straight line with positive slope η 2. All points below this line are such that ∂ c ~ 2 ∂r < τ, in which cases it is not in the migrant's interest to remit.

IZA Journal of Migration

Few now believe the Trust's multiple remit of representing the interests of viewers as well as regulating and cheerleading for the BBC is sustainable.

The Economist

Expert writing Tips

Best practice

When using "remit interest", ensure the context clearly indicates who is sending the interest and to whom. For example, "The bank will remit interest to the account holder quarterly."

Common error

Avoid using "remit" when you simply mean "pay". "Remit" implies a sending or transmission of funds, often across some distance or through a formal process. If you mean to say someone is just paying interest, use "pay interest" instead.

Linguistic Context

The phrase "remit interest" functions primarily as a verb phrase, where "remit" acts as a transitive verb meaning to send or transmit, and "interest" is the noun representing the payment being sent. Ludwig AI confirms this usage in various contexts.

Expression frequency: Uncommon

Frequent in

News & Media

30%

Academia

30%

Science

20%

Less common in

Wiki

10%

Formal & Business

10%

Encyclopedias

0%

Ludwig's WRAP-UP

The phrase "remit interest" is used to describe the process of sending or transmitting interest payments, often within a formal or legal context. According to Ludwig AI, the phrase is grammatically correct and appears in academic, news, and science sources. While the frequency is uncommon, it is still a usable and understandable phrase. Related phrases include "pay interest" and "send interest payments". When using the phrase, be clear about who is remitting and who is receiving the interest. It's important not to confuse it with simply "pay", as "remit" implies a formal transmission. It's most authoritative sources include Cornell University and The Guardian.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

Pay interest

This alternative describes the act of paying the interest due.

Send interest payments

Specifies sending payments related to interest.

Forward interest

Describes sending the interest amount.

Transfer interest

This involves moving the interest amount to another party.

Transmit interest payments

Involves formally sending the interest owed.

Waive interest

Describes the act of forgoing the collection of interest.

Forgive interest

Describes forgiving the owed interest amount.

Release interest obligations

Describes releasing the obligation to pay interest.

Abolish interest charges

Describes the act of cancelling interest charges.

Return interest

Describes returning interest that was paid

FAQs

What does "remit interest" mean?

"Remit interest" means to send or transmit interest payments, typically regularly, to a recipient. It often occurs in financial or legal contexts.

What is another way to say "remit interest"?

Alternatives to "remit interest" include "pay interest", "send interest payments", or "transfer interest", depending on the specific nuance you want to convey.

When should I use "remit interest" instead of "pay interest"?

Use "remit interest" when you want to emphasize the act of sending or transmitting the interest, especially if it involves a formal process or regular payments. "Pay interest" is a more general term.

Is it ever correct to say "waive interest" instead of "remit interest"?

Yes, if the intention is to cancel or forgo the interest payment, then "waive interest" is the appropriate term. "Remit interest" implies the actual sending of the payment, while "waive interest" means the payment is no longer required.