surrender noun Meaning in Cambridge Business English Dictionary
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Meaning of "surrender" - Business English Dictionary

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surrender

noun [C or U]
 
 
/səˈrendər/
the act of giving up something, or giving control of something to someone else: The penalty for early surrender of pensions remains at 25%. The union was forced into a surrender of some recent gains in the latest round of negotiations.
INSURANCE the act of ending an insurance policy early, before its original end date: You will have to pay a fee for the early surrender of your policy.
Translations of “surrender”
in Chinese (Traditional) 投降…
in Chinese (Simplified) 投降…
(Definition of surrender noun from the Cambridge Business English Dictionary © Cambridge University Press)
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