remitment vs payment

remitment and payment both are nouns.

Word	Noun	Adjective	Verb	Adverb
remitment	Yes	No	No	No
payment	Yes	No	No	No

As nouns, payment is a hypernym of remitment; that is, payment is a word with a broader meaning than remitment:

remitment (noun)	payment (noun)
(law) the act of remitting (especially the referral of a law case to another court)	the act of paying money
a payment of money sent to a person in another place	an act of requiting; returning in kind
	a sum of money paid or a claim discharged