Relinquish a Valuable Right Law and Legal Definition

According to 31 CFR 29.502 [Title 31 -- Money and Finance: Treasury; Subtitle A -- Office of the Secretary of the Treasury; Part 29 -- Federal Benefit Payments Under Certain District of Columbia Retirement Programs; Subpart E -- Debt Collection and Waivers of Collection], relinquish a valuable right means “the individual has relinquished a valuable privilege, claim, entitlement, or benefit having monetary worth because of the overpayment or because of notice that such a payment would be made.”