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 ?
As abandonment continues to be a costly and lengthy process, the utilisation of products that offer cost and time efficiency as well as safety benefits, are imperative for efficient and effective decommissioning operations.
There are three assessment criteria, only one of which is clearly linked to the issue of an abandonment.
Young parents were also reluctant to relinquish their unwanted infants to authorities for fear of being identified with subsequent criminal repercussions of abandonment.
Proponents of the laws continue to cite their intended benefits: protecting the health of the newborns, protecting birth parents from the legal and emotional consequences of unsafe abandonment, and connecting babies with loving families through adoption.
If the asset's value in place declines but remains greater than its abandonment value, the asset should be retained.
This is an important move because in rems and abandonment are more than a housing problem and more than statistics.
The tax consequences of an abandonment of a partnership interest or the worthlessness of that interest are not specifically stated in the Code.
Human activities, not climate change, forced the widespread abandonment of Neolithic villages in the western Fertile Crescent around 6000 B.
Second, a mechanism could be introduced, at last, to provide automatic payments to owners (and jockeys as well, who miss out on their riding fees yet incur travel expenses) when abandonments such as these arise.
This article reviews the tax provisions of voluntary reconveyances, foreclosures and abandonments of property as well as the tax consequences of the most common loan workout types.