surrender
B2CEFR level
65/100Rarity: rare
TechnicalRegister
Law noun
The yielding up of a lease by the tenant to the landlord before its natural expiry, so extinguishing it.
The parties agreed a surrender of the lease, releasing the tenant from the remaining term.
Business noun
The voluntary cancellation of a life policy by the holder in return for its accumulated cash value.
On surrender of the policy she received far less than the total premiums she had paid.
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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