The noun is pronounced /ri:mɪt/. The verb is pronounced /rɪmɪt/.
( remitted)
1.
Someone’s remit is the area of activity which they are expected to deal with, or which they have authority to deal with. ( BRIT )
That issue is not within the remit of the working group...
= brief
N-COUNT : usu sing , oft poss N , N of n
2.
If you remit money to someone, you send it to them. ( FORMAL )
Many immigrants regularly remit money to their families.
VERB : V n to n