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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.
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To elect not to exercise an option.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
References in periodicals archive ?
"Five years ago, we hardly saw dogs abandoned on Abu Dhabi streets, but now as soon as we get out of the city, we can easily spot two or three dogs, especially around Khalifa City, near Abu Dhabi Airport and other open areas."
Reckless Abandon is the second top sprinter trained by Cox to join the stallion ranks next year, after new Cheveley Park Stud recruit Lethal Force.
Adul Aziz Al-Nahari, spokesman of the municipality, said the local authority is supposed to remove abandoned vehicles through the committee.
Abandoned vehicles in Dubai were in the limelight again recently when a section of the UK media published a British company's advertisement for a "supercar hunter" in the UAE.
Mr Murphy added: "We suspect that some animals are abandoned because owners can't find anyone to care for them while they went on holiday."
"From unwanted newborn kittens and puppies dumped in boxes and bins, exotic pets cast aside or horses abandoned in someone else's field, dumped like rubbish.
Chester-le-Street II v Blaydon II - abandoned, ground unfit.
Article 3 states that the municipality will stick notice on abandoned vehicles that are left in public places for a long duration causing inconvenience to the public.
Summary: An abandoned newborn baby was found Tuesday in northern Lebanon's Akkar, the state-run National News Agency reported.
The state government is committed to resolving issues concerning several abandoned housing and commercial projects to help affected buyers.