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English definition of “renunciation”

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renunciation

noun [S or U]
 
 
/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.
Translations of “renunciation”
in Chinese (Traditional) 聲明放棄, 宣佈放棄, 棄絕…
in Russian отказ, отрицание…
in Turkish feragat, vazgeçme, bırakma…
in Chinese (Simplified) 声明放弃, 宣布放弃, 弃绝…
in Polish zrzeczenie się, wyrzeczenie się…
(Definition of renunciation from the Cambridge Business English Dictionary © Cambridge University Press)
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