abandonment

(redirected from abandonments)
Also found in: Dictionary, Thesaurus, Medical, Legal, Encyclopedia.
Related to abandonments: abandoning

Abandonment

Controlling party giving up rights to property voluntarily.

Abandonment

1. The act of fully and completely relinquishing ownership of some property or asset. One may abandon both tangible assets, such as tools or real estate, or intangible assets, such as patents or leases. For example, abandonment occurs when someone leaves his/her house empty, never intending to return or otherwise use the property. Legal abandonment sometimes requires filing declaration of intent to do so with the appropriate authorities. Sometimes, a person may obtain abandoned property for free, though this does not apply to real estate. See also: Adverse possession.

2. See: Expiration.

abandonment

abandonment

An intentional surrender, disclaimer, or termination of ownership with no stated intention regarding who the next owner should be. Legally requires some external evidence of an intention to abandon; simply neglecting property will not suffice. Differs from surrender, which requires that someone accept the property,and from forfeiture,which is unintentional loss of property.Abandoned property will generally revert to someone with a prior claim,such as an abandoned leasehold reverting to the landlord or an abandoned easement reverting to the landowner. Sometimes abandoned property will escheat to the state.
References in periodicals archive ?
Panel 1 shows the means and standard deviations of the variables in the model, panel 2 gives summary data on the abandonments by reference group stations, and panel 3 gives the correlation coefficients.
The global nature of the shipping industry, with different national laws applying depending on the state of the ship owner, the flag state of the vessel or the nationality of the crew, make it difficult for seafarers to get speedy and satisfactory redress in case of abandonment, injury or death.
DUBAI Animal welfare groups in the UAE have urged the public to report instances of pet abuse and abandonment to the authorities so due action can be taken against the offenders.
As previously mentioned, most abandonments of partnership interests will result in the recognition of a capital loss because the reduction in liabilities allocated to the abandoning partner is treated as a cash distribution.
Key Words: abandonment, Alces alces, calves, capture-induced abandonment, GPS collars, human-induced abandonment, moose neonates
- Average Abandonment Rate - 59.12% (0.1% percentage increase)
It may, meanwhile, receive certain benefits: some, wisely, take out insurance against lost income in case of abandonment and, in the case of Turf TV-aligned courses (Catterick is one such), they also receive additional compensation for lost media rights income.
In the course of analyzing the law of abandonment and offering a qualified defense of the practice, this Article provides the first workable definition of resource abandonment, suggests that the abandonment of positive-value real and intellectual property is surprisingly widespread by providing multiple examples, and analyzes the costs and benefits associated with abandonment.
Young parents were also reluctant to relinquish their unwanted infants to authorities for fear of being identified with subsequent criminal repercussions of abandonment.
Donaldson Adoption Institute (www.adoptioninstitute.org) suggest these laws may exacerbate infant abandonment by encouraging women who may otherwise have chosen an adoption or kinship care plan.
Recent abandonments were measured as the natural logarithm of the number of analysts stopping coverage in the previous year, and recent abandonments by high-status actors were measured using the same weights as for adoptions.
If its value in place (the net present value of remaining cash flows) falls below its abandonment value (the amount that could be obtained through sale or other disposal), the asset should be abandoned and an impairment realized.