1.  remitment(n = noun.possession) remission, remittal, remittance - a payment of money sent to a person in another place;
is a kind of payment
Derived form verb remit₁

2.  remitment(n = noun.act) remission, remit - (law) the act of remitting (especially the referral of a law case to another court);
is a kind of referral
Derived form verb remit₄

   The act of remitting, or the state of being remitted; remission. [1913 Webster]
"Disavowing the remitment of Claudius." [1913 Webster]