Send back a faulty timer (5)

I believe the answer is:

remit

'send back' is the definition.
(synonyms)

'a faulty timer' is the wordplay.
'a faulty' is an anagram indicator.
'timer' is an anagram of 'REMIT'.

(Other definitions for remit that I've seen before include "Desist from" , "Brief - transfer" , "Pardon or transmit money" , "Timer (anag.)" , "committee's brief" .)

I've seen this clue in the Evening Standard.

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