surrender

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surrender

The cancellation of a lease or other contract by mutual agreement of the parties.

References in periodicals archive ?
The converse of this result does not necessarily hold: if surrendering is not optimal at time t, [for all] [F.sub.t] [greater than or equal to] 0, then it is not necessarily true that [[kappa].sub.t] [greater than or equal to] [mathematical expression not reproducible].
* LIFE SETTLEMENT TRANSACTIONS USUALLY result in higher returns for the policy owner than simply surrendering the policy.
But customers could be better off if, instead of surrendering it to the original insurance firm, they went to a specialist traded endowment firm instead, who sell on the policy to clients who cash-in on the eventual pay-out.
This article discusses the New York State Real Property Gains Tax (the "Gains Tax"), the New York State Real Estate Transfer Tax (the "New York State Transfer Tax"), and the New York City Real Property Transfer Tax (the "New York City Transfer Tax") consequences of surrendering property in settlement of a mortgage liability.
The presence of the Abu Sayyaf initially caused tension until they declared they were surrendering peacefully.
Albayalde said if the members of the New People's Army (NPA) cannot surrender at the national level, they can lay down their arms at the provincial level, where he claimed many have been surrendering.
We find that owners of large policies tend to behave more sensitively toward moneyness: compared to owners of small policies and all other things being equal, they have twice as high a probability of surrendering their policy if the guarantees are out of the money.
However, with 13 rebels surrendering in Narayanpur district in the last one year and villagers from the region voting for the first time in several years during last year's assembly polls, the local administration has plenty to cheer about.
So we thought of surrendering to spend our life with our families," Lalasu Rama, one of surrendered Maoist, said.