abandon

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Abandon

1. To decide not to exercise an option. This occurs when an option is out-of-the-money on the exercise date. That is, one may abandon an option if it is currently unprofitable and thus highly unlikely to become profitable.

2. To withdraw one's claim to an asset, especially an unprofitable one. Corporations must file appropriate paperwork with the government to abandon assets. Alternatively, an individual may abandon both real and personal property. For example, a homeowner may leave his/her house and never intend to return. A squatter may then come to possess the home through adverse possession. An important component of abandonment is the owner's intent never to return or otherwise possess the property again.

3. To opt out of a forward contract according to the procedure specified therein. When one abandons a forward contract, one does not buy or sell the underlying asset and it is not delivered.

abandon

To elect not to exercise an option.
References in periodicals archive ?
An abandoned bicycle usually has missing or damaged parts, flat or missing tires, and is in unusable condition.
If we find an abandoned vehicle without a number plate, we now look for the chassis or engine number to identify the owner of the vehicle," a ROP
As mobile transactions continue to skyrocket, so do abandoned purchases, incomplete account openings, and lost revenue," said Marc Barach, Chief Marketing Officer, Jumio.
Division One: Barnards Green (5pts) v Wolverhampton (5pts) abandoned, Moseley (5pts) v Wellington (5pts) abandoned, Ombersley (13pts) 141-8 (D Catterall 52no, G Cessford 4-33, M Ayub 4-38) drew with Shifnal (5pts) 84-6, Oswestry (5pts) v Bromsgrove (5pts) abandoned, Smethwick (12pts) 105 drew with Old Hill (6pts) 64-5, Wombourne (3pts) 182-4 (J Miller 77no) lost to Harborne (20pts) 183-4 (D Polius 54no, A Lloyd 48) by 6 wkts.
Special teams of Data Gunj Bukhsh Town administration checked 160 abandoned building and made sure their clearance from rain water and dengue larvae.
The Dubai Municipality has vowed to get rid of all abandoned buildings in the emirate in the first half of this year.
LULING - Amid the dry weeds on a 470-acre ranch here, a rusted head of steel pokes up, a vestige of an oil well abandoned decades ago.
DRAKES PREMIERSHIP TWO Barkisland v Skelmanthorpe abandoned 2pts each.
WORCESTER - Ten years ago, there were so many abandoned vehicles on the streets that neighborhood leaders across the city appealed to City Hall for quick action.
FOUR abandoned bags and a bike in five different locations of Delhi within a period of three- four hours on Monday created panic among Delhiites, already in fear after the Hyderabad blasts.
TOday Doncaster Abandoned Huntingdon Abandoned TOMORROW Cheltenham Inspection 8am today but officials very optimistic.
Dubai: More than 40 abandoned buildings and yards have been demolished in different areas of the emirate with and over 350 additional structures marked for a similar fate.