When someone who has beengranted something or has accepted somethinglater gives it up or rejects it; as when an agent withdraws from the agency relationship.Compare: Revocation.

Merriam-Webster Online Dictionary
renunciation (noun)
the act or practice of renouncing - repudiation , specifically ascetic self-denial
Merriam-Webster Online Thesaurus
renunciation (noun)
the act or practice of giving up or rejecting something once enjoyed or desired
abnegation, renouncement, repudiation, self-denial
denial, refusal; relinquishment, resignation, surrender; self-abnegation, self-renunciation
acceptance; adoption, embrace, embracement, espousal
indulgence, self-indulgence
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