Remission

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..... 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 having legal c .....

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..... 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 of all or part of a financial obli .....

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