Definition of “renunciation” - English Dictionary

“renunciation” in American English

See all translations

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

See all translations

renunciationnoun [ S or U ]

uk /rɪˌnʌnsiˈeɪʃən/ us

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)