Abandonment

Abandonment is the voluntary relinquishment of all rights, title, or claim to property that rightfully belongs to the owner of the property. Stocks, bonds or mutual funds held in a brokerage account where the owner can’t be located or contacted is an example of abandonment. The laws of escheat may cause the property to be…

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Abatement

Abatement has four stances: – Commerce: a reduction in the amount of a bill due to factors such as demurrage, overtime penalty, or rent. – 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. – Legal: A court decision…

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