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 ?
However, the taxpayer must abandon the entire lease.
In addition, the court allowed the deduction for some of the intangibles even though the taxpayer did not abandon all of them.
Robo callers generate a high percentage of abandons, sometimes as great as 40%, because they transfer calls via a "whisper," an automated voice that reads account numbers to agents.
LiveVox customers used to uncontrolled abandons from robo-caller products are delighted by the ability not only to minimize dropped calls, but to exploit the ACD functionality to run true skills-based routing.
If this dictum were followed, an abandonment loss could be claimed only if the taxpayer abandons a partnership interest that is not worthless.
On the other hand, an ordinary loss will occur when a partner abandons his partnership interest if