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The word "relinquishment" is correct and usable in written English.
It has many different meanings, ranging from the act of giving up control or possession of something, to the renunciation of a belief or idea. For example, "After much deliberation, the company decided to accept the proposal and relinquish control of the project."
Dictionary
relinquishment
noun
The act of relinquishing something.
Exact(46)
He quotes Napoleon's memoirs to show how deeply the Frenchman admired Washington and how utterly baffled he was by his voluntary relinquishment of power.
They can make the right gestures, but even a small relinquishment of authority produces ugly withdrawal symptoms.
Abandonment, in Anglo-American property law, the relinquishment of possession of property with an intent to terminate all ownership interests in that property.
Iroquois relinquishment of claims to additional territory west of the Ohio was disputed by adjacent tribes, however, especially the Shawnee, leading to misunderstanding and bloodshed in that area for years to come.
Film work has been a process of relinquishment.
Running for office means a relinquishment of privacy and family life that might, in general, be harder on women than men.
The difficult issue is what constitutes "forced relinquishment".
Similar(4)
Jane stood barefoot, hands still open in that gesture of self-relinquishment.
It reported no new drilling results, and said it would write off a total of $670m in its full year results, including $219m for dry holes and licence relinquishments in the second half.
Sex? Together we do what we can to strip it of enigma and power, since without a patina of dullness it is too destabilizing to sustain, involving as it does "multiple surrenders, relinquishments of self-control... immersion in the sensations and rhythms of the other".
The central question in the debate is whether there are norms of some sort governing our habits of belief-formation, belief-maintenance, and belief-relinquishment.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com