- controlling party giving up rights to property voluntarily. Bloomberg Financial Dictionary————Allowing an option to expire unexercised. Also, withdrawal from a cancellable forward contract to purchase securities. Exchange Handbook Glossary
* * *abandon a‧ban‧don [əˈbændən] verb [transitive]1. to stop doing or using something because it is too difficult or unsuccessful:
• The company abandoned its takeover bid.
• The power plant was abandoned before it was even completed.2. INSURANCE if you abandon a ship or its cargo, you accept that it is too badly damaged to be saved, and so give it up to an insurance company in exchange for an insurance payment3. abandon ship to leave an organization because you believe that it is going to fail soon:
• The chairman and most of the board members had already abandoned ship.4. abandon a case/claim/action etc LAW to no longer continue with a legal case etc:
• They decided to abandon their claim for damages.— abandonment noun [uncountable] :
• Disagreements about policy led to the abandonment of the plan.
* * *abandon UK US /əˈbændən/ verb [T]► to stop an activity before it is finished, usually because you think you cannot succeed: abandon a project/plan/an idea »
The car maker has abandoned its plans to build a giant new plant.abandon a lawsuit/case/claim »
The high cost of legal representation can influence a person's decision about whether to abandon a claim.► to leave a person, place, or thing that needs you to care for them: »
He kept the company going because he didn't want to abandon his staff.»
A vehicle had been abandoned on the side of the road.► INSURANCE to allow an insurance company to keep property that has been lost or damaged, in exchange for an insurance paymentabandonment noun [U]► »
High winds forced the abandonment of efforts to erect the structure.
Financial and business terms. 2012.
Look at other dictionaries:
abandonment — aban·don·ment n 1: the act of abandoning property or a right: as a: relinquishment by an inventor of the right to enforce a patent see also dedication b: an author s relinquishment to the public domain of his or her copyrighted work c … Law dictionary
Abandonment — • A term used by writers of ascetical and mystical books to signify the first stage of the union of the soul with God by conforming to His Will Catholic Encyclopedia. Kevin Knight. 2006. Abandonment Abandonment … Catholic encyclopedia
Abandonment — A*ban don*ment ( ment), n. [Cf. F. abandonnement.] 1. The act of abandoning, or the state of being abandoned; total desertion; relinquishment. [1913 Webster] The abandonment of the independence of Europe. Burke. [1913 Webster] 2. (Mar. Law) The… … The Collaborative International Dictionary of English
abandonment — The trustee s relinquishment of estate property that is burdensome or of inconsequential value to the bankruptcy estate (SA Bankruptcy.com) A process by which the court releases property from its control. This occurs when property of the estate… … Glossary of Bankruptcy
abandonment — (n.) 1610s, from Fr. abandonnement, from abandonner (see ABANDON (Cf. abandon) (v.)) … Etymology dictionary
Abandonment — For the existentialist concept, see Abandonment (existentialism). Abandon redirects here. For other uses, see Abandon (disambiguation). Abandoned houses in Seacroft, Leeds, UK The term abandonment has a multitude of uses, legal and extra legal.… … Wikipedia
abandonment — The surrender, relinquishment, disclaimer, or cession of property or of rights. Voluntary relinquishment of all right, title, claim and possession, with the intention of not reclaiming it. State v. Bailey, 97 N. J.Super. 396, 235 A.2d 214, 216.… … Black's law dictionary
abandonment — [[t]əbæ̱ndənmənt[/t]] 1) N UNCOUNT: oft N of n The abandonment of a place, thing, or person is the act of leaving it permanently or for a long time, especially when you should not do so. ...memories of her father s complete abandonment of her. 2) … English dictionary
abandonment — See abandoner. * * * ▪ property law in Anglo American property law, the relinquishment of possession of property with an intent to terminate all ownership interests in that property. Abandonment may occur by throwing away the property, by… … Universalium
abandonment — The act of giving up the ownership of something covered by an insurance policy and treating it as if it has been completely lost or destroyed. If the insurers agree to abandonment, they will pay a total loss claim (see actual total loss;… … Big dictionary of business and management