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 taken control by the state.

The property that an owner has given up all claims, possession and rights. No designation has been given as the possessor.

An investor deciding not to sell or act upon an option at the end of the contract.