- To elect not to exercise an option contract. The holder of a long option position has the right to exercise or abandon an option contract. Same as " expire". Chicago Mercantile Exchange Glossary————The choice made by the holder of an option to allow an option to expire without exercise. Dresdner Kleinwort Wasserstein financial glossary————The choice made by the holder of a covered warrant to allow the warrant to expire without exercise. London Stock Exchange Glossary
* * *abandon a‧ban‧don [əˈbændən] verb [transitive]1. to stop doing or using something because it is too difficult or unsuccessful:
• The company abandoned its takeover bid.
• The power plant was abandoned before it was even completed.2. INSURANCE if you abandon a ship or its cargo, you accept that it is too badly damaged to be saved, and so give it up to an insurance company in exchange for an insurance payment3. abandon ship to leave an organization because you believe that it is going to fail soon:
• The chairman and most of the board members had already abandoned ship.4. abandon a case/claim/action etc LAW to no longer continue with a legal case etc:
• They decided to abandon their claim for damages.— abandonment noun [uncountable] :
• Disagreements about policy led to the abandonment of the plan.
* * *abandon UK US /əˈbændən/ verb [T]► to stop an activity before it is finished, usually because you think you cannot succeed: abandon a project/plan/an idea »
The car maker has abandoned its plans to build a giant new plant.abandon a lawsuit/case/claim »
The high cost of legal representation can influence a person's decision about whether to abandon a claim.► to leave a person, place, or thing that needs you to care for them: »
He kept the company going because he didn't want to abandon his staff.»
A vehicle had been abandoned on the side of the road.► INSURANCE to allow an insurance company to keep property that has been lost or damaged, in exchange for an insurance paymentabandonment noun [U]► »
High winds forced the abandonment of efforts to erect the structure.
Financial and business terms. 2012.