Latin, for from the first act or meaning from the start.
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An investor deciding not to sell or act upon an option at the end of the contract. Also:
The property that an owner has given up all claims, possession and rights. No designation has been given as the possessor.
The abandonment clause gives insured parties the right to forfeit damaged property in exchange for full payment. Insurance companies take ownership of the damaged asset.
Deserting a child and having no intention of fulfilling any obligations to the child. Cutting off all relations and obligations to the child.
The leaving of a husband or wife without just cause and with a deliberate intention of creating a lifetime separation.
Giving up using a trademark and explicitly showing the intention of giving it up.
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.
Not a permanent nuisance but one that can be corrected easily as not to harm anyone.
1. Commerce: a reduction in the amount of a bill due to factors such as demurrage, overtime penalty, or rent.
2. 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.
3. Legal: A court decision that is suspended, or simply closing the case before the final decision is reached.
4. Taxation: A rebate given under special circumstances such as in aftermath of natural disasters.
A cost that occurs because a company creates a negative byproduct. This byproduct must be removed or the effect must be reduced.