👉 In law, a "surrenderee" is an individual who has agreed to surrender their rights or property in exchange for payment. This can be done through various means such as giving up ownership of property, paying off debts, or agreeing to pay taxes and other fees. The term is often used in the context of legal transactions where the party receiving the surrender will typically receive a larger share of the proceeds than they would if they were the one who surrendered their rights.
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