What does "abandonment" mean?
Abandonment: (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.
Additional senses
- 2.(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.
- 3.Careless freedom or ease; abandon. [R.] Carlyle.
Sources
- Webster's Unabridged Dictionary, 1913 edition (public domain, via GCIDE / Project Gutenberg).
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- Steward: Jason Burns
- Published: 2026-07-17 · Modified: 2026-07-17