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• n  a formal resignation and renunciation of powers
• n  the act of abdicating

• With him, in abdication, he had three automobiles, four Rembrandts, stamp and china collections, but there was no public knowledge as to how much money.
• Last week, in elections for the Diet following the Prince's abdication, the National Unionists made a vigorous showing, winning 48 government electors against 52 for the Bourgeois (Government) party.
• Michael signed his abdication, and within two hours a special session of Parliament had been called to announce the formation of the Rumanian People's Republic under a tractable five-man "presidential council."

• stepping down

News & Articles

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• Christie’s senate-seat fix: no Dem would do likewise
  The Issue: Gov. Chris Christie’s decision to schedule an October election to fill Sen. Frank Lautenberg’s seat. *** New Jersey Gov. Chris Christie’s abdication of his responsibility to select a new senator through 2014 may keep the country in the dark about who NJ’s next senator will...
  June 13, 2013 - New York Post
• Licensing: No Free Ticket To Sales
  Managing intellectual property and other intangibles may seem like pure finance. Beware that dangerous trap. Intangibles can cut deep into operating issues, especially customer perception and customer service. While you may not (or may no longer) manage the manufacturing of a branded product, neglecting perceived brand identity and ownership can result in perilous abdication.
  June 11, 2013 - Forbes

Quotes

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• James Inhofe in International Herald Tribune
  ...weeks later, Inhofe told the inspectors general at the Commerce and Interior departments that the unauthorized release of information about the proposals represented "a serious abdication of duty" by someone in the government.
• Ken Salazar in KESQ
  Colorado Senator Ken Salazar says it would be an "abdication of responsibility" if lawmakers and President Bush don't reach a solution on immigration reform this year.
• Harry Reid in KXAN-TV
  Senate Majority Leader Harry Reid says such "obstruction" would be "an abdication of their responsibility" on the most important issue facing the nation.