surrender

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surrender

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

References in periodicals archive ?
As annuities gain in popularity and the amount of cash surrenders are likely to increase, it is critical we have strong consumer protections against unnecessary, unfair, and unexpected financial losses," said Assemblymember Ash Kalra.
1398, a bill that will set new procedural rules for individual annuity cash surrenders that take place in California.
SAN AGUSTIN -- This town became witness yesterday to the latest in a string of surrenders of drug suspects that is being linked to a brutal campaign against drug trafficking that the incoming Duterte administration plans to carry out as soon as it assumes office today.
THE Centre had lauded the increase in the number of surrenders by Maoists in Chattisgarh and termed it a major achievement but recent intelligence reports have revealed that several of them were not genuine.
Dunkerly, historian and park ranger at Richmond National Battlefield Park, claims that, like most other Confederate surrenders of the war, the surrender at Greensboro, North Carolina was less formal than the surrender at Appomattox.
The frequent surrenders show that that despite their militant tactics Maoists are starting to lose their hold in this remote cut off area.
The graph shows that the number of surrenders at the beginning of the policy duration is substantially higher than the number of deaths, which can be attributed to two effects.
resident company surrenders its losses under group relief as the losses are then utilized and are no longer available for carry forward for U.
The United States is not inclined to negotiate surrenders," stated Rumsfeld in a November 9th press briefing, insisting that the anti-Taliban Northern Alliance was in a better position to negotiate.
The consumerists' point is that someone who surrenders a cash-value policy in the early years receives a cash value (or nonforfeiture benefit) far less than premiums paid.
This process enjoys an extremely high success rate in achieving surrenders without bloodshed.
Also, in an otherwise tax-free reorganization, a taxpayer who surrenders a warrant to acquire stock (which is deemed to be a security with no principal amount) in exchange for a principal amount security will recognize gain to the extent of the principal of the security received, under Secs.