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Meaning of “renunciation” in the English Dictionary

"renunciation" in American English

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renunciationnoun [C]

 us   /rɪˌnʌn·siˈeɪ·ʃən/
the act of renouncing (= no longer supporting) something: the renunciation of the use of force
(Definition of renunciation from the Cambridge Academic Content Dictionary © Cambridge University Press)

"renunciation" in Business English

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renunciationnoun [S or U]

uk   us   /rɪˌnʌnsiˈeɪʃən/
the fact of saying that you no longer support or have a connection with someone or something, or that you do not want something : People who receive an inheritance have the right of renunciation of that inheritance, subject to certain conditions.
STOCK MARKET in a rights issue (= an occasion when a company offers new shares to its existing shareholders), a situation in which someone with the right to new shares formally says that they do not want to accept them: An appropriate person will be authorised to execute a transfer, assignment or renunciation of the consideration shares on the accepting shareholder's behalf.
(Definition of renunciation from the Cambridge Business English Dictionary © Cambridge University Press)
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“renunciation” in Business English

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