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 ?
But family members appeared to have already convicted the crew who were caught on video abandoning ship, the captain in his underwear, while the children, obeying orders, waited in their cabins for further instructions.
The prosecutors' office in Grosseto also wants Francesco Schettino to be tried for causing a shipwreck and abandoning ship while the frantic evacuation of passengers and crew was still being conducted.
Schettino is awaiting trial after being accused of manslaughter and abandoning ship as others struggled to get into lifeboats.
The ship's captain is due in court for the preliminary hearing on Monday and stands accused of causing a shipwreck, manslaughter and abandoning ship before all passengers were evacuated.
The captain, Francesco Schettino, is under house arrest and accused of manslaughter, causing a shipwreck and abandoning ship before passengers and crew were safe.
Francesco Schettino, who faces charges of multiple manslaughter and abandoning ship, arrived at his home around 2:00 am (0100 GMT), accompanied by police and carabinieri, as the toll in the disaster rose to 11 with another 20 people missing.
The other is Captain Francesco Schettino -- whom newspapers have branded a coward for fleeing in the face of adversity and who is now under house arrest, accused of multiple manslaughter, causing a shipwreck and abandoning ship.
At the centre of the investigation into the disaster is the captain, Francesco Schettino, who is being investigated by prosecutors for possible manslaughter, abandoning ship and causing a shipwreck.
Francesco Schettino is being investigated by prosecutors for possible manslaughter and abandoning ship.
ANCHORAGE, Alaska - The captain of a fishing vessel that sank in the chilly waters off Alaska's Aleutian Islands choked back tears Monday as he described a terrifying night in a life boat after abandoning ship.
Abandoning ship as hastily as was done in this case doesn't follow the fine past traditions of lighter-than-air men.