ABANDONMENT

ABAN'DONMENT, noun 1. A total desertion; a state of being forsaken.2. In commerce, the relinquishing to underwriters all the property saved from loss by shipwreck, capture or other peril stated in the policy. This abandonment must be made before the insured can demand indemnification for a total loss.

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abandonment. Abandonment, n. entire desertion, renunciation

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A‐ban″don‐ment (–ment), n. [[Cf. F. abandonnement.]] 1. 1. The act of abandoning, or the state of being abandoned; total desertion; relinquishment.
The abandonment of the independence of Europe. Burke. 2. 2. (Mar. Law) The relinquishment by the insured to the underwriters of what may remain of the property insured after a loss or damage by a peril insured against.
3. 3. (Com. Law) (a) The relinquishment of a right, claim, or privilege, as to mill site, etc. (b) The voluntary leaving of a person to whom one is bound by a special relation, as a wife, husband, or child; desertion.
4. 4. Careless freedom or ease; abandon. Carlyle.