👉 The term "renunciative" is often used in the context of a person who renounces their assets to someone else. This means that they give up ownership of their assets, which are typically real estate or other forms of property, to another individual or organization. The renunciations can be voluntary or mandatory, and they may take place at any time. In this sense, the term "renunciative" is often used in legal contexts to describe a situation where someone has given up ownership