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Abandon |
Also found in: Dictionary/thesaurus, Legal, Idioms, Encyclopedia | 0.01 sec. |
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. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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Realizing
they had been spotted, the crew doused the vessel with fuel and set it
on fire before abandoning ship. "They're not abandoning ship, they're
reorganizing," said former Glendale mayor Larry Zarian, who's
known the Cimmarusti brothers for 25 years. Navy tactical and international maritime distress frequencies,
torpedo boats slowly circling our torpedoed ship while their personnel
fired machine guns at close range at anyone topside helping wounded
shipmates, torpedo boat crews deliberately machine gunning life rafts we
had dropped in expectation of abandoning ship, and their refusal to
offer immediate aid upon cessation of hostilities. |
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