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 ?
That compares to 958 between April 1 2016 and March 31 last year, and 504 reports of abandoned cars between April 1, 2015, and March 31, 2016.
Across the whole of the West Midlands there were 15,530 cars reported abandoned in 2016 and 2017 and 3,581 removed and destroyed by councils.
Blackhall 158 (J Darby 80, R Watson 5-26), Barnard Castle 54-2 - match abandoned, rain.
Al Maashari added that children playing near abandoned cars are affected by dust.
Bureau of Land Management officials have been spanning out across the West with GPS equipment to identify abandoned mines.
Gulberg Town checked 11 abandoned and 50 under construction buildings.
The Dubai Municipality has been keen on taking strict actions against abandoned and dilapidated buildings in the emirate in order to maintain the aesthetic beauty of the city as well as ensure public health and safety.
The Railroad Commission estimates that two to three cases of groundwater contamination have been caused by abandoned wells since 2008, said Ramona Nye, a commission spokeswoman.
Not only were the abandoned vehicles eyesores, but they had become a magnet for crime and created other public safety worries as well.
The situation grew worse after one of the abandoned bags found in the Delhi Cantonment area was said to have explosives.
The Buildings Inspection Department of Dubai Municipality is in the process of issuing notices in the case of 368 abandoned buildings and yards and will go ahead with demolition if owners fail to come forward.
Birmingham Dogs Home is currently home to over 250 abandoned dogs and has been responsible for re-homing the loveable companions since it was founded in 1892.