surrender assets
[sə-ˈren-dər ˈa-ˌsets]
verb phrase / noun phrase
entregar ativos / render ativos
1. To give up or relinquish ownership or control of financial or material assets, typically in legal, financial, or contractual contexts
The defendant was ordered to surrender assets seized during the investigation.
O réu foi condenado a entregar os ativos apreendidos durante a investigação.
2. In insurance, to give up a policy before maturity in exchange for its cash value
The policyholder decided to surrender assets by cashing in the life insurance policy.
O segurado decidiu entregar os ativos ao desistir da apólice de seguro de vida.
3. In bankruptcy or legal proceedings, to hand over property or funds to creditors or authorities
The company was forced to surrender assets to satisfy creditor claims.
A empresa foi forçada a entregar ativos para satisfazer as reclamações dos credores.
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