letter of renunciation

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1 A form, often attached to an allotment letter, on which a person who has been allotted shares in a new issue renounces the rights to them, either absolutely or in favour of someone else (during the renunciation period).

2 A form on the reverse of some unit-trust certificates, which the holder completes when wishing to dispose of the holding. The completed certificate is sent to the trust managers.

Subjects: Financial Institutions and Services.

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