verb
resign
rih-ZYNE/rɪˈzaɪn/
To formally give up a position or entitlement.
The manager resigns by returning the badge and keys to the board.

Etymology
With re- perhaps meaning “opposite,” the image is an accounting entry balancing an earlier mark and canceling its claim. This connects cancellation with giving up a claim or relinquishing an office.
In context
The New Orleans Police Department superintendent was also forced to resign.
"I shall resign the presidency, effective at noon tomorrow."
More examples
- I plan to resign at the end of the month.
- She resigned her seat on the board.
- The heir formally resigns his claim to the property.
Forms
resign · resigns · resigned · resigning
resignation noun — Formal surrender of a position or right.
Similar words
- quit
- Less formal; also means stopping an activity or habit.
- relinquish
- Emphasizes giving up possession or control, not necessarily formally.
- renounce
- Emphasizes explicitly rejecting a claim, right, or allegiance.