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Abandon

• Refers to the decision not to exercise an option or, sometimes, a clause. It may also refer to the intentional or unintentional lack of use, maintenance or affirmation process about assets. These assets may include securities, bank accounts, refunds, trademarks and so on. In such cases the property can go to a jurisdiction such as a state or federal government.

 
 Embedded terms in definition
 Assets
Exercise
Go
Option
Securities

<< Aba Abandonment option >>

Beware of fraud originating in phone messages and faxes: FDIC Consumer News has warned before about crooks who call or e-mail consumers and pretend to be legitimate companies or government agencies wanting people to "verify" or "resubmit" (divulge) confidential information such as bank account or credit card numbers as well as Social Security numbers, passwords and personal identification numbers. Here are variations to know about. More...

A hero is no braver than an ordinary man, but he is braver five minutes longer. - Ralph Waldo Emerson

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