Definition of Abandonment

Abandonment

1. The act of abandoning, or the state of being abandoned; total desertion; relinquishment.
2. 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. The relinquishment of a right, claim, or privilege, as to mill site, etc.
4. The voluntary leaving of a person to whom one is bound by a special relation, as a wife, husband, or child; desertion.
5. Careless freedom or ease; abandon.