surrender

transitive verb | sur·ren·der

1. a : to yield to the control or possession of another surrender the leased premises surrender collateral to a creditor

   b : to give up completely or agree to forgo

   c : to cancel (one's insurance policy) voluntarily

2. : to give over to the custody of the law surrender a defendant

   : to give oneself up

noun

1. : an act or instance of surrendering discharge an obligor by surrender of a promissory note; especially : the yielding of an estate by a tenant to the landlord so that the leasehold interest is extinguished by mutual agreement : the yielding of an estate by a tenant to the landlord so that the leasehold interest is extinguished by mutual agreement