Gives up formally (7)
I believe the answer is:
resigns
(Other definitions for resigns that I've seen before include "does the honourable thing" , "abdicates" , "Gives up (a post)" , "Leaves job voluntarily" .)
I believe the answer is:
resigns
(Other definitions for resigns that I've seen before include "does the honourable thing" , "abdicates" , "Gives up (a post)" , "Leaves job voluntarily" .)