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Simple English definitions for legal terms
resignation
Read a random definition: Investor Protection Guide: Micro-cap Stock Fraud ("Pump and Dump")
A quick definition of resignation:
Resignation: When someone gives up their job or position, it is called resignation. It can be done by telling someone in charge or by writing a formal letter. In the past, it was also used to describe giving up land to a lord.
A more thorough explanation:
Definition: The act of giving up a job, position, or right.
Example: John submitted his resignation to his boss after he decided to pursue a different career path.
Explanation: In this example, John voluntarily gave up his job by submitting his resignation to his boss. This act of resignation means that John is no longer employed by the company and has relinquished his position.
Example: The CEO's resignation was announced at the company's annual meeting.
Explanation: In this example, the CEO gave up his position by submitting his resignation, which was then announced to the company's shareholders at the annual meeting. This act of resignation means that the CEO is no longer in charge of the company.
Example: In medieval times, a vassal's resignation of his land to his lord was a common practice.
Explanation: In this historical example, a vassal would give up his land to his lord as an act of resignation. This act of resignation meant that the vassal was no longer the owner of the land and had relinquished his right to it.