Term of the Day Friday, April 18, 2014

abandon

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

If someone knowingly abandons his personal property without the intent of returning, he relinquishes ownership, control and possession of the property.

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