Legal Definitions - surrenderer

A surrenderer is the party who receives something that is being given up, relinquished, or handed over by another party. This term is often used in contexts where one party (the "surrenderor") voluntarily or involuntarily gives up rights, property, or a person to another.

Here are some examples to illustrate the concept of a surrenderer:

• Example 1: Property Lease

  Imagine a tenant who decides to terminate their apartment lease three months early, with the landlord's agreement. The tenant hands over the keys and vacates the premises. In this scenario, the landlord is the surrenderer because they are receiving possession of the property back from the tenant who is giving it up.

• Example 2: Extradition of a Fugitive

  A person wanted for a crime in Country A flees to Country B. After a legal process, Country B agrees to extradite the fugitive back to Country A. When Country B's authorities hand over the individual to Country A's authorities at the border or airport, the government of Country A acts as the surrenderer. They are receiving the fugitive who is being given up by Country B.

• Example 3: Life Insurance Policy

  A policyholder decides they no longer need their whole life insurance policy and chooses to "surrender" it for its cash value. They submit the necessary paperwork to the insurance company. The insurance company is the surrenderer in this situation, as they are receiving the policy back from the policyholder who is giving up their rights to the policy's future benefits in exchange for its current cash value.