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abandonment

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a⋅ban⋅don

1  [uh-ban-duhn]
Use abandonment in a Sentence
–verb (used with object)
1. to leave completely and finally; forsake utterly; desert: to abandon one's farm; to abandon a child; to abandon a sinking ship.
2. to give up; discontinue; withdraw from: to abandon a research project; to abandon hopes for a stage career.
3. to give up the control of: to abandon a city to an enemy army.
4. to yield (oneself) without restraint or moderation; give (oneself) over to natural impulses, usually without self-control: to abandon oneself to grief.
5. Law. to cast away, leave, or desert, as property or a child.
6. Insurance. to relinquish (insured property) to the underwriter in case of partial loss, thus enabling the insured to claim a total loss.
7. Obsolete. to banish.
Origin:
1325–75; ME abando(u)nen < MF abandoner for OF (mettre) a bandon (put) under (someone's) jurisdiction, equiv. to a at, to (< L ad; see ad- ) + bandon < Gmc *band; see bond 1

Related forms:
a⋅ban⋅don⋅a⋅ble, adjective
a⋅ban⋅don⋅er, noun
a⋅ban⋅don⋅ment, noun

Synonyms:
1. See desert 2 . 2. Abandon, relinquish, renounce mean to give up all concern in something. Abandon means to give up or discontinue any further interest in something because of discouragement, weariness, distaste, or the like: to abandon one's efforts. Relinquish implies being or feeling compelled to give up something one would prefer to keep: to relinquish a long-cherished desire. Renounce implies making (and perhaps formally stating) a voluntary decision to give something up: to renounce worldly pleasures. 3. yield, surrender, resign, waive, abdicate.

Antonyms:
1. keep. 2. continue; begin, start. 3. retain.
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2009.
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a·ban·don   (ə-bān'dən)   
tr.v.   a·ban·doned, a·ban·don·ing, a·ban·dons

  1. To withdraw one's support or help from, especially in spite of duty, allegiance, or responsibility; desert: abandon a friend in trouble.

  2. To give up by leaving or ceasing to operate or inhabit, especially as a result of danger or other impending threat: abandoned the ship.

  3. To surrender one's claim to, right to, or interest in; give up entirely. See Synonyms at relinquish.

  4. To cease trying to continue; desist from: abandoned the search for the missing hiker.

  5. To yield (oneself) completely, as to emotion.

n.  

  1. Unbounded enthusiasm; exuberance.

  2. A complete surrender of inhibitions.


[Middle English abandounen, from Old French abandoner, from a bandon : a, at (from Latin ad; see ad-) + bandon, control; see bhā-2 in Indo-European roots.]
a·ban'don·er n., a·ban'don·ment n.
The American Heritage® Dictionary of the English Language, Fourth Edition
Copyright © 2009 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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Word Origin & History

abandon 
1375, "to subjugate, subdue," from O.Fr. abandoner "surrender," from à "at, to" + bandon "power, jurisdiction," in phrase mettre à bandon "to give up to a public ban," from L. bannum, "proclamation," from a Frankish word related to ban (v.). Etymologically, the word carries a sense of "put someone under someone else's control." Meaning "to give up absolutely" is from 1386. The noun sense of "letting loose, surrender to natural impulses" (1822) is from Fr. abandon.
Online Etymology Dictionary, © 2001 Douglas Harper
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Financial Dictionary

Abandonment

1. The act of surrendering a claim to, or interest in, a particular asset.

2. The permitted withdrawal from a forward contract that is made for the purchase of deliverable securities.

3. The act of allowing an option to expire unexercised.

Investopedia Commentary

1. Corporations will generally abandon assets or projects that no longer offer any profitability. In most instances, proper legal documents must be filed with authorities and any damages must be recouped.

2. Abandonment occurs in forward contracts that permit the purchasers to withdraw from the contract, rather than purchase the deliverable securities.

3. In many instances, an option may not be worthwhile or profitable to exercise and, therefore, the purchaser of the option will let the option expire without being exercised.

Related Links

Options Basics Tutorial

See also: Abandonment Option, Abandonment Value, Exercise, Forward Contract, Option

Also spelled: Abandon

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Financial Dictionary

abandon

To elect not to exercise an option.


abandonment

See expiration.

Wall Street Words: An A to Z Guide to Investment Terms by David L. Scott.
Copyright © 2003. Published by Houghton Mifflin.
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Legal Dictionary

Main Entry: aban·don
Function: transitive verb
1 : to give up with the intent of never again asserting or claiming an interest in (a right or property)
2 : to disassociate oneself from or forsake in spite of a duty or responsibility to <abandon one's child>
3 : to renounce one's obligations and rights under <abandon a contract>
4 : to fail purposely to bring to completion or fruition <abandon a crime> <abandon a lawsuit>

Main Entry: aban·don·ment
Function: noun
1 : the act of abandoning property or a right: as a : relinquishment by an inventor of the right to enforce a patent —see also DEDICATION b : an author's relinquishment to the public domain of his or her copyrighted work c : relinquishment of a trademark established by a failure to use the trademark and an intention never to resume use d : the act of an insured in surrendering all rights to damaged or lost property to an insurer as a total loss —compare SALVAGE 2b e : relinquishment by a trustee in bankruptcy of interest in property in the bankruptcy estate often for a nominal sum
2 : the act of abandoning a person: as a : failure to have contact with a spouse that is intended to create a permanent separation b : failure to communicate with or provide financial support for one's child over a period of time that shows a purpose to forgo parental duties and rights
3 : the act of abandoning a contract
4 a : the act of abandoning a course of action (as a crime) b : the affirmative defense (as recognized under the Model Penal Code) of voluntary withdrawal from the commission of a crime resulting from the actor's change of heart and not from intervening circumstances
Merriam-Webster's Dictionary of Law, © 1996 Merriam-Webster, Inc.
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Encyclopedia

abandonment

in Anglo-American property law, the relinquishment of possession of property with an intent to terminate all ownership interests in that property. Abandonment may occur by throwing away the property, by losing it and making no attempt to retrieve it, by vacating the property with no intention of returning to it, or by any other act manifesting a complete disclaimer of ownership in the property. The general effect of abandonment is to give full ownership of the property to the first taker.

Learn more about abandonment with a free trial on Britannica.com.

Encyclopedia Britannica, 2008. Encyclopedia Britannica Online.
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