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abandonment |
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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.
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? Mentioned in | ? References in periodicals archive | |
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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. SAUGUS - An abandoned house on the outskirts of a local movie ranch
went up in flames Thursday afternoon. 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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