Surrender

A giving up, delivering or making over. Surrender in deed: a surrender by conveyance, as of a life-estate to the remainderman. Surrender in law: a surrender implied in law, as if a tenant for years accepts a new lease. Surrender of an estate: a yielding up of an estate for life or for years to the reversioner or BO that the interest may be merged by agreement Surrender of a preference: a turning over by a creditor of a bankrupt of property received by way of a preference, in order to share in a dividend.