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Relinquishment (Noun)

The act of giving up and abandoning a struggle or task etc..

Nouns denoting acts or actions.

A verbal act of renouncing a claim or right or position etc..

Nouns denoting communicative processes and contents.

The politician's sudden relinquishment of her leadership role sparked widespread speculation about her future plans.
The relinquishment of his royal title was a necessary step for the prince to pursue a career in business.
After a long and bitter divorce, the husband's relinquishment of parental rights was a difficult but necessary step for the mother to gain sole custody.
The company's relinquishment of its patent on the technology allowed other firms to develop similar products without fear of litigation.
The king's relinquishment of his throne to his son was a surprise move that was met with both shock and celebration by the people.