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abandonment
(redirected from Abandoned house)

    Also found in: Medical, Legal, Encyclopedia, Wikipedia 0.01 sec.
Abandonment
1. The act of surrendering a claim to, or interest in, a particular asset.

2. The permitted withdrawal from a forward contract that is made for the purchase of deliverable securities.

3. The act of allowing an option to expire unexercised.

Notes:
1. Corporations will generally abandon assets or projects that no longer offer any profitability. In most instances, proper legal documents must be filed with authorities and any damages must be recouped.

2. Abandonment occurs in forward contracts that permit the purchasers to withdraw from the contract, rather than purchase the deliverable securities.

3. In many instances, an option may not be worthwhile or profitable to exercise and, therefore, the purchaser of the option will let the option expire without being exercised.

Abandonment
Controlling party giving up rights to property voluntarily.
abandonment
See expiration.
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Richard has spent his summers at an abandoned house in the woods near his home since childhood, but this year a new family's moved in--and draws them into their strange circle.
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She is ripe for someone like Frank, an older man who drives past Bessie's field every day at the same time, and then one day stops the car and invites Andi into part of his world, the part where they tryst in an abandoned house and he exploits her for sex.
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