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Related to abandon: Reckless 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.


To elect not to exercise an option.
References in periodicals archive ?
Thus, if an asset should become worthless in Year 1 but the taxpayer should take no steps to abandon it until Year 2, the inimical result of the commissioner's position would be a disallowed deduction in Year 1 for lack of abandonment and a disallowed deduction in Year 2 as well because the property first became worthless in Year 1--a classic Catch-22 position for taxpayers.
Ultimately, the estate was able to refinance two properties, and the trustee withdrew his request to abandon those.
Daniel Kunz, China Mineral's Chairman, said, "In light of the substantial sentiment of Public Shareholders not to extend the date before which the Company must complete a business combination, the Board determined, as we stated in our proxy material, that it is in our shareholders' best interest to abandon the proposed charter amendment and return our public shareholders' investments to them as provided in our charter and public filings.
Abandon Mobile is a mobile game developer and publisher formed by Abandon Entertainment, Inc.
I think it was time years ago to abandon this Belmont project to find a safe site to build a new school,'' he said.
If stockholders take actions to reduce their holdings below 3,000 shares (as they did with the 4,000 share threshold), the Company may be forced to make further changes to the ratio or to abandon the Reverse Stock Split entirely.
Unfortunately people abandon animals all the time,'' Patrice said.
People frequently drive into the sparsely populated area near Avenue J and 200th Street East, some 15 miles east of Lancaster, to abandon unwanted pets rather than taking them to the local animal shelter, residents said.
The best option might be to abandon the building, he said.
The new capabilities, featured on the Call Processing System(TM) (CPS), Gateway(TM) and Centenium XL(TM) contact center solutions, provide contact center operators with a cost effective solution to comply with regulations related to transmission of caller ID, maximum abandon call rates, and a national "do-not-call" registry.