renunciation

noun | \ ri-ˌnən-sē-ˈā-shən \ | re·nun·ci·a·tion
  1. : the act or practice of renouncing; specifically : the act of refusing to continue to acknowledge, recognize, or be bound by a contract or obligation : repudiation : the act of refusing to continue to acknowledge, recognize, or be bound by a contract or obligation : repudiation