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Renunciation of inheritance means that an heir renounces his/her right to inherit any of legacy when the heir does not want to inherit the legacy of the ancestor (a deceased person).
When you drop a political party to become an independent, you mean it to be a renunciation of all the infighting, backstabbing, and finger pointing that have become politics as usual. the act of renouncing; sacrificing or giving up or surrendering (a possession or right or title or privilege etc.)
1 A form, often attached to an allotment letter, on which a person who has been allotted shares in a new issue renounces the rights to them, either absolutely or in favour of someone else (during the renunciation period).
In the context of a contract, a renunciation occurs when one party, by words or conduct, evinces an intention not to perform, or expressly declares that they will be unable to perform their obligations under the contract in some essential respect. The renunciation may occur before or at the time of performance.
The purpose of the renunciation form is to defer the right to serve as the estate administrator to another person. If the heirs to a decedents estate cannot agree who will serve as the administrator, then a petition must be filed with the Register of Wills. Probate and Estate Administration.
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