surrender of assets

USAGE SUMMARY

"surrender of assets" is correct and usable in written English.
It can be used when a person or organization agrees to give up their assets to another person or organization. For example, "The company was required to make a surrender of assets to pay its creditors."

✓ Grammatically correct

Science

News & Media

Formal & Business

Human-verified similar examples from authoritative sources

Similar Expressions

59 human-written examples

Spokesmen for both utilities declined comment on the proposal on the ground that negotiations over the crisis were too sensitive, but Republican legislative leaders have been opposed to such ideas, and state officials have said the utilities are cool to surrendering ownership of assets or stock warrants, an idea Mr. Davis has floated.

The New York Times

Privatisation or surrendering of money, assets or resource to the private sector.

The Guardian

Ex-Chief of WorldCom To Surrender Most Assets Bernard J. Ebbers, the founder and former chief executive of WorldCom who was found guilty of fraud in March, agreed to surrender nearly all of his personal fortune -- about $40 million -- to investors who lost billions when the company spiraled into bankruptcy.

The New York Times

But it would mobilize advocates for Global Israel, whom I've described here in the past: entrepreneurs, professionals, military officials, and scholars who fear terror and the surrender of the West Bank intelligence assets they assume keep it at bay, but who fear international isolation more immediately.

The New Yorker

Annuities often charge surrender fees for withdrawals, typically 1 to 2 percent of assets but sometimes up to 8 percent.

The New York Times

Prince Jefri had hired them partly to fight efforts by the government of his oldest brother, Sultan Hassanal Bolkiah, to get him to surrender some assets after he was accused of embezzlement.

The New York Times

The Russian-American resolution demands not only the surrender of Mr. bin Laden, whose financial assets would be frozen worldwide, but also the closing of all training camps for Islamic militants.

The New York Times

Buoyed by one-time gains from accounting changes and the sale of assets, Bank of America reported a $6.23 billion profit for the third-quarter Tuesday, even as weakness on Wall Street hammered underlying results and the firm surrendered its position as the country's largest bank by assets.

The New York Times

Loads of assets.

The Guardian - Business

A percentage of assets?

The New York Times

Fees: usually 2% of assets.

Forbes

Expert writing Tips

Best practice

When using "surrender of assets" in legal or financial contexts, ensure you clearly specify which assets are being surrendered and to whom.

Common error

Avoid using "surrender of assets" when you mean a simple sale. Surrender implies a loss of control or a forced relinquishment, not a voluntary transaction for profit.

Linguistic Context

The phrase "surrender of assets" functions as a noun phrase, typically acting as the object of a verb or preposition. It describes the action or state of giving up control or ownership of possessions. Based on Ludwig AI, it correctly conveys the relinquishment of holdings.

Expression frequency: Missing

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Ludwig's WRAP-UP

In summary, "surrender of assets" is a noun phrase referring to the act of giving up control or ownership of possessions, often involuntarily. According to Ludwig AI, it's grammatically sound for indicating the action of relinquishing assets. Due to its common appearance in legal, financial, and business discussions, this phrase is mostly professional in nature. While the frequency of examples might be limited, its proper use signals a precise understanding of financial and legal accountability. It's important not to confuse this phrase with simple sales; surrender implies a loss of control rather than a voluntary transaction.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

divestiture of assets

Focuses on the formal process of selling off assets, often in a business context.

transfer of assets

Highlights the act of moving assets from one entity to another.

relinquishment of assets

Emphasizes the voluntary giving up of assets.

yielding of assets

Suggests a forced or compliant giving up of assets.

cession of assets

Implies a formal surrender or transfer of assets, often in legal contexts.

loss of assets

Focuses on the involuntary deprivation of assets.

forfeiture of assets

Specifically refers to the loss of assets as a penalty.

liquidation of assets

Involves converting assets into cash, often during bankruptcy.

disposal of assets

General term for getting rid of assets, can be through sale or other means.

return of assets

Focuses on the act of assets being given back.

FAQs

What does "surrender of assets" mean in legal terms?

In legal terms, "surrender of assets" typically refers to the act of giving up ownership or control of assets, often under duress or as part of a settlement or legal judgment. This is different from a voluntary sale or transfer.

When might someone be required to make a "surrender of assets"?

A person might be required to make a "surrender of assets" in situations such as bankruptcy, divorce settlements, legal penalties, or when complying with regulatory demands. For example, an ex-chief could "surrender most assets".

Is "surrender of assets" the same as "forfeiture of assets"?

"Surrender of assets" and "forfeiture of assets" are similar but not identical. Forfeiture usually implies a loss of assets as a punishment for illegal activity, whereas surrender can occur in various situations, not necessarily related to criminal acts.

What are some alternatives to "surrender of assets"?

Depending on the context, alternatives to "surrender of assets" could include "transfer of assets", "divestiture of assets", relinquishment of assets, or assignment of assets. The best choice depends on the specific situation and the nature of the transfer.