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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 >>

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Beware of small expenses; a small leak will sink a great ship. - Benjamin Franklin (1706-1790)

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