Abandonment and Salvage
(redirected from Abandon Clause)

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Abandonment and Salvage

A clause in a contract allowing one party to abandon (or forfeit ownership to) a property and thereby transfer ownership to another party, assuming the second party accepts. Abandonment and salvage clauses are most common in insurance covering goods being shipped overseas. That is, if the ship sinks and the owner does not wish to attempt to recover the goods, he may declare them abandoned, which would transfer ownership to his insurance company (though the insurance company may refuse to accept ownership). It is also present in some homeowner's insurance contracts. It should not be confused with an abandonment option.

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No references found			Nationalisation, we are told, would be a terrible failure because it would take the "New" out of New Labour and go back to the days before Tony Blair persuaded a Labour conference to abandon Clause Four of its constitution and drop its committment to state ownership of the means of "manufacture, distribution and exchange". Why King's head should not roll to even up a political score by The Birmingham Post (England)			A-Network A. Philip Randolph A.G. Becker Paribas A.M. Best and Company A.P. Giannini A/C A/D A1 AA AAA AAA tenant AAA+ Bank AAAA Spot Contract AAII Aandeel Aandeel aan toonder Aanduiding op facturen Aanhangsel Aanklager Aansprakelijkheid AATPO ABA Transit Number Abacus Abaissement de la notation Abandon Abandon Clause Abandon Rate Abandonar Abandonare Abandoned Property abandonment Abandonment and Salvage Abandonment Option Abandonment Value Abandonner Abandonnieren abatement Abatement Cost Abbrochment ABC ABC Agreement ABC Analyzed Issue ABC Method ABC News/Money Magazine Consumer Comfort Index ABC Statement ABCD Counties Abend Abeyance Abeyance Order Ability to Pay able to purchase			abambulacral Abamectin abamp abampere abampere abampere abampere centimeter squared abampere per square centimeter abamurus Aban Aban Aban (mythology) Aban Parab Abana Abana Abanao-Zandueta-Kayong-Chugum-Otek ABANC Aband abandannad abandon abandon abandon abandon abandon abandon abandon abandon allegiance Abandon and Salvage Clause Abandon and Salvage Clauses Abandon Call and Retry Abandon Clause Abandon Clauses Abandon Hope All Ye Who Enter Here Abandon hope, all ye who enter here abandon nationality abandon oneself to Abandon Rate Abandon Rate Abandon Rates Abandon Ship Abandon Ship Abandon ship bag abandon to Abandonar Abandonare abandoned abandoned abandoned abandoned abandoned abandoned Abandoned (law) Abandoned (law) Abandoned (law) Abandoned (law) Abandoned (law) Abandoned and Inactive Mines Scoring System abandoned channel abandoned child Abandoned Coal Mine Land Research Program Abandoned Explosive Ordnance

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Abandonment and Salvage (redirected from Abandon Clause)

Abandonment and Salvage
(redirected from Abandon Clause)