(redirected from abandons)
Also found in: Dictionary, Thesaurus, Legal, Idioms, Encyclopedia.
Related to abandons: abandons ship


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.


To elect not to exercise an option.
References in classic literature ?
Hunt to abandon Mad River, and seek some more navigable stream.
Here he had fixed himself, after being compelled by the hostilities of the Blackfeet, to abandon the upper waters of the Missouri.
But Ozma, having undertaken the venture, would not abandon it.
Jones likewise, with his friend Partridge, set forward the moment he had paid his reckoning, in quest of his lovely Sophia, whom he now resolved never more to abandon the pursuit of.
He despises that feeling in me, but he knows that I won't abandon my child, that I can't abandon my child, that there could be no life for me without my child, even with him whom I love; but that if I abandoned my child and ran away from him, I should be acting like the most infamous, basest of women.
Volley swiftly succeeded volley, until the enraged squatter was reluctantly compelled to abandon the idea of injuring his enemies by means so feeble.
n A woman abandons a one-and-a-half-year-old child at the Union Cooperative Society supermarket in Hatta
They believe, incorrectly, that the clause will be upheld if a contractor fails to complete or abandons a project rather than fails to meet the agreed upon completion date.
When a company abandons a mine site but stays in business, lawsuits can be brought by government agencies, individuals, and nonprofit groups to remediate the environmental damage.
41) If the taxpayer subsequently abandons the project, the preliminary capitalized expenditures may then be deducted as a loss under section 165.
If the taxpayer abandons a contract that is capital in nature to enter into another capital contract, the costs will not relate to an abandonment and thus qualify as a deductible loss.