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 ?
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."
Stocksfield II v Allendale - abandoned, ground unfit.
'As for Gemas, it involves more than 100 units in a scheme that was declared an abandoned project this year,' he told a news conference after a visit to Bandar Seri Senawang here today.
The WAM report also stated that the Abu Dhabi civic body is demolishing 37 abandoned buildings and has issued orders to repeal the demolition of 13 buildings.
'However, we have spent a lot of government funds in clearing abandoned wrecks in Port Harcourt area.
The GDN reported yesterday that 894 abandoned cars were towed in the Capital Governorate between January and May - up 10 per cent over the same period last year.
With the UAE's sizzling summer around the corner, animal welfare groups fear a rise in abandoned pets on the streets, saying that it has much to do with the growing number of expats returning to their home countries.
New data, obtained by Confused.com through Freedom of Information requests to Britain's 436 local authorities, reveals a whopping 31,812 abandoned cars were removed by councils in 2016 and 2017 - that's one car every 30 minutes.
Coventry City Council either removed or was told about a total of 2,321 abandoned cars in 2016 and 2017, up to and including October 2017.
To create the early warning for the abandoned object, the following two items need to be addressed: (1) Abandoned Object Detection.
In fact, half of the abandoned children are abandoned in the foster home, the Ombudsman said.