Examlex
Security managers must balance
Revocation
The official cancellation or withdrawal of an offer, right, or privilege, often requiring a formal declaration.
Renunciation
The formal or explicit declaration that one refuses to carry out, or is withdrawing from, an agreement or obligation.
Termination
The act of ending something, such as a contract, employment, or agreement, either by mutual consent or unilaterally by one party.
Permanent Loss
A situation where an asset loses value indefinitely, often due to fundamental changes in its market or condition.
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