verb to resign from a position or office, especially in a formal manner
In finance, 'demit' refers to the transfer of securities from one account to another.
In legal contexts, 'demit' may be used in reference to the surrender or transfer of property rights.
Within banking, 'demit' can signify the process of transferring funds or assets between accounts.
In a literary context, 'demit' can be used to describe a character's resignation or stepping down from a position of power or authority within a story.
A psychologist may use 'demit' when discussing the concept of relinquishing control or giving up a certain mindset or behavior in therapy sessions.
A HR manager may use 'demit' when referring to an employee voluntarily resigning from their position within the company.
In a legal context, 'demit' can be used to describe the act of formally resigning from a position or renouncing a claim or right.