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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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| ? Mentioned in | ? References in periodicals archive | |
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After a series of deaths, even Emmet runs amuck burning
and looting a native village; his conscience haunts him, however, to the
extent that he gives up any claim he may have to the treasure Drake has
stolen and instead abandons ship to try to survive in the new world,
rejecting Drake and his piracy. Hope Floats: Sandra Bullock abandons ship and goes back to looking
for love in this comedy-drama in which the ``Speed'' queen
plays an abandoned young mother who has to move back in with her own
eccentric mom (Gena Rowlands). Ultimately, Pongo abandons ship and finds
happiness in a faraway land. |
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