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The word 'relinquishing' is correct and usable in written English.
You can use it when talking about the act of giving up control or possession of something, usually voluntarily. For example, "The young man decided to relinquish ownership of his car to his parents, so that they could help him pay off his debt."
Dictionary
relinquishing
verb
Present participle of relinquish
Exact(60)
Beyoncé's gift to 2014 is a masterclass in both exerting and relinquishing control.
But in his 15-minute internet audio message posted online on Friday, Zawahiri condemned Morsi's Muslim Brotherhood for having "tried its best to satisfy America and the secularists" by relinquishing jihad, usually defined by al-Qaida to mean armed struggle.
But more important, he added, was to find people who cared a great deal about precisely the same things that mattered to him.The strength of Apple's senior team is one reason that the firm's share price barely flinched when news emerged last month that Mr Jobs was relinquishing his role as chief executive and becoming executive chairman.
Relinquishing power after two terms may be an ideal, but these are not normal times.
They think the best way to do so is to put in place new funding rules, including caps on donations, that will deal with sleaze once and for all.More controversially, both would like to extend state funding for political parties to compensate them for relinquishing big donations.
Ministers want to see half of all young people in universities by 2010 (numbers have stalled at 42%), without relinquishing the world-class quality of its top institutions.
This comes despite Sir Richard repeatedly describing the number of remedy slots on offer as "derisory", and his spokesperson arguing that Virgin cannot deliver "effective competition" if awarded fewer than all 12.So why is Virgin relinquishing slots that it fought so hard to secure?
It may have liked the idea of foreign capital and the enhanced economic growth and efficiency markets can deliver, but it was less partial to relinquishing control.
Tishman and BlackRock defaulted on their debt payments in January, relinquishing the once-prized property to creditors.That set off another battle.
A Syrian with experience in unofficial "track-two" negotiations suggests that Israel could make its own gesture by relinquishing the Shabaa Farms, a small, unpopulated nub of territory on the Golan which Lebanon claims as its own.
There is to be no graceful relinquishing of the throne, rather an aggressive retrenchment of his leadership.Now that Israel has reoccupied the West Bank, the Palestinian Authority (PA) has banned all dealings between the army and Palestinian mayors, partly at least to prevent their being cultivated as an alternative, local leadership.
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CEO of Professional Science Editing for Scientists @ prosciediting.com