To give up resentment against or stop being angry with; pardon or overlook sins, crimes, wrongdoing, offenses, etc.; give up all claim to punish or exact revenge; cancel or remit a debt.
(Huikala) To pardon, absolve; or to cleanse.
absolve from payment; "I forgive you your debt"
to pardon or not count a person's sins against him; when God forgive s us he justifies us or declares us not guilty, he frees us from sin's guilt and punishment and "remembers our sins no more" (Isaiah 43:25).