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Noun: forgoing  for'gow-ing
  1. The act of renouncing; sacrificing or giving up or surrendering (a possession or right or title or privilege etc.)
    - renunciation, forswearing
Verb: forgo (forwent,forgone,forgoes)  for'gow
  1. Do without or cease to hold or adhere to
    "forgo the old ideas";
    - waive, relinquish, forego, foreswear, dispense with
     
  2. Lose (something) or lose the right to (something) by some error, offence, or crime
    - forfeit, give up, throw overboard, waive, forego

Sounds like: forgone, foregoing, foreg

Type of: abandon, rejection