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Remit vs Exchange - What's the difference?

remit | exchange |

As verbs the difference between remit and exchange

is that remit is while exchange is to trade or barter.

As a noun exchange is

an act of exchanging or trading.

remit

English

Verb

(remitt)
  • To forgive, pardon.
  • * 2009 , (Diarmaid MacCulloch), A History of Christianity , Penguin 2010, p. 307:
  • So he said that there was no sin to remit in baptism: ‘sin is not born with a man, it is subsequently committed by the man; for it is shown to be a fault, not of nature, but of the human will’.
  • To refrain from exacting or enforcing.
  • to remit the performance of an obligation
  • * Macaulay
  • The sovereign was undoubtedly competent to remit penalties.
  • To give up, stop succumbing to (a negative emotion etc.).
  • To allow (something) to slacken, to relax (one's attention etc.).
  • (obsolete) To show a lessening or abatement (of) a specified quality.
  • *, New York 2001, p.132-3:
  • Great Alexander in the midst of all his prosperity […], when he saw one of his wounds bleed, remembered that he was but a man, and remitted of his pride.
  • (obsolete) To diminish, abate.
  • *, Book I, New York 2001, p. 139:
  • Dotage, fatuity, or follyis for the most part intended or remitted in particular men, and thereupon some are wiser than others […].
  • To refer (something) for deliberation, judgment, etc. (to a particular body or person).
  • * Blackstone
  • In the case the law remits him to his ancient and more certain right.
  • * Hayward
  • In grievous and inhuman crimes, offenders should be remitted to their prince.
  • * Dryden
  • The prisoner was remitted to the guard.
  • To send back; to give up; to surrender; to resign.
  • To restore.
  • * Hayward
  • The archbishop wasremitted to his liberty.
  • To postpone.
  • To transmit or send, as money in payment.
  • * 2003:' The Hindu, ''World Cup sponsors can '''remit money in forex: SC read at [http://www.hinduonnet.com/2003/02/01/stories/2003020104090100.htm] on 14 May 2006
  • The Supreme Court today allowed major sponsors, including LG Electronics India (LGEI), to remit foreign exchange for the tournament.

    Derived terms

    * remitter * unremitting (via remitting)

    Noun

    (en noun)
  • (chiefly, British) terms of reference; set of responsibilities.
  • * 2000: Scientific Working Group on Good Laboratory Practice issues, Handbook: Good Laboratory Practice read on World Health Organisation website at [http://www.who.int/tdr/publications/publications/pdf/glp-handbook.pdf] on 14 May 2006:
  • WHO/TDR should prepare a volume containing ... important issues in the performance of studies that fall outside of the GLP remit .
  • * 2001: H. Meinardi et al, ILAE Commission, The treatment gap in epilepsy: the current situation and ways forward read at on 14 May 2006:
  • However, this is beyond the remit of this particular article.
  • * 2003: Andy Macleod, Cisco Systems, Pulling it all together - the 21st Century Campus read at on 14 May 2006:
  • Next steps ... Create one IS organisation and extend remit to all HE activities.
  • * 2012 , The Economist, Sep 29th 2012 issue, Chile's economic statistics: For reacher - or poorer
  • [...] Chile needs to gather together its statisticians into a single agency, such as a new and improved INE, and give it more autonomy and a broader remit .

    Synonyms

    * responsibility

    Anagrams

    * * * * ----

    exchange

    Etymology 1

    From (etyl) eschaunge, from (etyl) eschaunge, from (etyl) eschange (whence modern French ). Spelling later changed on the basis of ex- in English.

    Noun

    (en noun)
  • An act of exchanging or trading.
  • All in all, it was an even exchange .
    an exchange of cattle for grain
  • A place for conducting trading.
  • The stock exchange is open for trading.
  • A telephone exchange.
  • (telephony, US only? ) The fourth through sixth digits of a ten-digit phone number (the first three before the introduction of area codes).
  • The 555 exchange is reserved for use by the phone company, which is why it's often used in films.
    NPA-NXX-1234 is standard format, where NPA is the area code and NXX is the exchange .
  • A conversation.
  • After an exchange with the manager, we were no wiser.
  • * 2014 , Ian Black, " Courts kept busy as Jordan works to crush support for Isis", The Guardian , 27 November 2014:
  • “Why bother with the daily grind when you can go to Mosul, get paid $400 a month, get a wife – and live an Islamic way,” went an exchange between two men overheard by a fellow passenger in a taxi. Rumour has it that a woman whose husband died fighting with Isis now receives a generous widow’s pension from jihadi coffers.
  • (chess) The loss of one piece and associated capture of another
  • # The loss of a relatively minor piece (typically a bishop or knight) and associated capture of the more advantageous rook
  • (obsolete) The thing given or received in return; especially, a publication exchanged for another.
  • (Shakespeare)
    Derived terms
    * bet exchange * bill of exchange * exchange rate * foreign exchange * foreign exchange market * ion exchange * ion exchange chromatography * ion exchange resin * key exchange * link exchange * local exchange carrier * means of exchange * medium of exchange * private branch exchange * stock exchange * telephone exchange

    Etymology 2

    From (etyl) eschaungen, from (etyl) eschaungier, eschanger, from the (etyl) verb eschangier, ).

    Verb

    (exchang)
  • To trade or barter.
  • I'll gladly exchange my place for yours.
  • To replace with, as a substitute.
  • I'd like to exchange this shirt for one in a larger size.
    Since his arrest, the mob boss has exchanged a mansion for a jail cell.
    Derived terms
    * exchange flesh * exchanger * exchange vows