Definition of renouncing:
(v) :
(transitive) To give up, resign, surrender.
(v) :
(transitive) To cast off, repudiate.
(v) :
(transitive) To abandon, forsake, discontinue (an action, habit, intention, etc), sometimes by open declaration.
(v) :
(transitive) To decline further association with someone or something, disown.
(v) :
(intransitive) To make a renunciation of something.
(v) :
(intransitive) To surrender formally some right or trust.