remittitur
noun
re·mit·ti·tur
ri-ˈmi-tə-tər
1
a
: a procedure under which a court may order the reduction of an excessive verdict
especially
: a procedure in which the court requires the plaintiff to remit the portion of the verdict deemed excessive in lieu of a grant of a defendant's motion for a new trial or of a reversal if the court is an appellate court
b
: a remission to a defendant by a plaintiff of the portion of a verdict considered excessive by the court
c
: the formal agreement or stipulation of a plaintiff waiving or releasing the right to receive the portion of a verdict considered excessive compare additur
2
: a sending back of a case and its record from an appellate or superior court to a trial or inferior court for further proceedings (as additional findings of fact) or for entry of a judgment in accordance with instructions or the decision of the higher court
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Merriam-Webster unabridged
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