surrender

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surrender

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

References in periodicals archive ?
Thus, a person surrendering his or her policy would receive the current (net present) value from the insurance company, which should be close to or even higher than (because of less transaction costs) the price in the secondary market.
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.
The primary issue in determining the amount of tax incurred as a result of surrendering a property to a creditor is the amount of consideration that the owner receives as a result of the surrender.
So we thought of surrendering to spend our life with our families," Lalasu Rama, one of surrendered Maoist, said.
By surrendering his license, the elder Blodgett can no longer practice medicine in California.
Subjects surrendering to TPIs may perceive the act as easier and more culturally acceptable.
In addition, documents specifying the terms, conditions and procedures for surrendering and withdrawing Debentures for purchase will be available through The Depository Trust Company and the paying agent.
The alleged users, all residents of the island-village of Asluman in Carles, were accompanied by their barangay (village) chairman, Abelardo Montibon, in surrendering to Chief Insp.