Renunciation

form. English name for the form (blank) signed by a shareholder (stockholder) when he transfers (sells) his right to participate in a privilege accorded by a company, as, for instance, the right to subscribe for new stock to be i ued by the company. = Renunciation. of right. London Stock Exchange term for the transfer (sale) of a right accorded to a shareholder (stockholder) in a company, as, for instance, the right to subscribe for new stock to be i ued by the company.