Akademik

demise ² n [Anglo-French, from feminine past participle of demettre to convey by lease, from Old French, to put down, give up, renounce, from Latin demittere to let fall and dimittere to release]

1: the conveyance of property by will or lease: lease

2: the transmission of property by testate or intestate succession

3: charter of a boat in which the owner surrenders completely the possession, command, and navigation of the boat – called also bareboat charter;