n. The reduction by a judge of damages awarded by a jury.
the GNU version of the Collaborative International Dictionary of English
n. A remission or surrender, -- remittitur damnut being a remission of excess of damages.
n. A sending back, as when a record is remitted by a superior to an inferior court.
The Century Dictionary and Cyclopedia
n. In law: Relinquishment of a part of the damages found by a jury.
n. The return of a record from the court of review to the lower court for proceedings as specified, as for execution or a new trial.
Word Usage
"It's called "remittitur," and it's an ancient common law power of judges, who see the actual evidence unfold at trial, to curb the occasional over-enthusiastic jury."