Crossword Genius

Blinking fast Italian's short despatch (5)

Ross

I believe the answer is:

remit

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'despatch' is the definition.
Although both the answer and definition are verbs in their base form, I don't understand how one could define the other.

'blinking fast italian's short' is the wordplay.
'blinking fast' becomes 'REM' (rapid eye movement).
'italian's' becomes 'it's' (abbreviation for Italian).
'short' means to remove the last letter.
'its' with its last letter taken away is 'it'.
'rem'+'it'='REMIT'

Can you help me to learn more?

(Other definitions for remit that I've seen before include "instructions required" , "Scope - send money" , "Abate; send (money)" , "Put off" , "Pay for timer" .)

I've seen this clue in The Guardian.
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