Abandon
Abandon is when an investor decides not to sell or act upon an option at the end of the contract.
Abandoned Property
Abandoned Property is property that an owner has given up all claims, possession and rights. No designation has been given as the possessor.
Abandonment
Abandonment is the voluntary relinquishment of all rights, title, or claim to property that rightfully belongs to the owner of the property. Stocks, bonds or mutual funds held in a brokerage account where the owner can’t be located or contacted is an example of abandonment. The laws of escheat may cause the property to be…
Abandonment Clause
An abandonment clause gives insured parties the right to forfeit damaged property in exchange for full payment. Insurance companies take ownership of the damaged asset.
Abandonment of Child
Abandonment of Child is deserting a child and having no intention of fulfilling any obligations to the child. Cutting off all relations and obligations to the child.
Abandonment of Spouse
Abandonment of Spouse is the leaving of a husband or wife without just cause and with a deliberate intention of creating a lifetime separation.
Abandonment of Trademark
Abandonment of Trademark is giving up using a trademark and explicitly showing the intention of giving it up.
Abandonment of Value
Abandonment of Value is when the amount earned if an investment is discontinued. The general rule for this situation is that if the amount received for scrap or salvage is more than the net present value (NPV) the project is abandoned.
Abatement
Abatement has four stances: – Commerce: a reduction in the amount of a bill due to factors such as demurrage, overtime penalty, or rent. – Environment: to reduce or eliminate polluting or hazardous substances. This is done by removing them or considering a new plan of more efficient waste management. – Legal: A court decision…
Abator
Abator is a person who takes a property before the heir has a chance to get the property.