Words / R / Law

renounceable

adjective/rɪˈnaʊnsəbəl/

C2CEFR level
80/100Rarity: very rare
TechnicalRegister

Of a share entitlement, capable of being surrendered or transferred to another party.

The rights were issued in renounceable form so shareholders could sell them in the market.

Topic: Corporate law in Legal English

Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.

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More law words: Corporate law