Akademik

noun /əˈbændənmənt/

a) The act of abandoning, or the state of being abandoned; total desertion; relinquishment.

b) 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.

Syn: nonchalance

See Also: abandonable, abandoned, abandonee, abandoner