Definitions (2)

1. To choose not to exercise or sell an option. Abandonment occurs when the option is out of the money on the expiration date.
2. To voluntarily relinquish the rights of property ownership, usually real estate.

Use abandon in a sentence

We had decided to abandon with regards to our position on the options contract, since our investment decisions were being made by the CFO.

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You may find that you just have to abandon a project when the time comes that you realize its a sunk cost.

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We could not abandon the project yet, because there was still so much left to do and a lot of people were working hard on it.

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