Sequester and Abandon

verb

• Requisition forcibly, as of enemy property.
  • usage: "the estate was sequestered"
• Take temporary possession of as a security, by legal authority.
  • usage: "The FBI seized the drugs"; "The customs agents impounded the illegal shipment"; "The police confiscated the stolen artwork"
  • synonyms: impound, attach, confiscate, seize
• Undergo sequestration by forming a stable compound with an ion.
  • usage: "The cations were sequestered"
• Keep away from others.
  • usage: "He sequestered himself in his study to write a book"
  • synonyms: seclude, sequestrate, withdraw
• Set apart from others.
  • usage: "The dentist sequesters the tooth he is working on"
  • synonyms: sequestrate, keep apart, set apart, isolate

• (v.i.) To renounce (as a widow may) any concern with the estate of her husband.
• (v.t.) To separate from the owner for a time; to take from parties in controversy and put into the possession of an indifferent person; to seize or take possession of, as property belonging to another, and hold it till the profits have paid the demand for which it is taken or till the owner has performed the decree of court or clears himself of contempt; in international law, to confiscate.
• (v.t.) To cause (one) to submit to the process of sequestration; to deprive (one) of one's estate, property, etc.
• (n.) A person with whom two or more contending parties deposit the subject matter of the controversy; one who mediates between two parties; a mediator; an umpire or referee.
• (n.) Sequestration; separation.
• (v.t.) To set apart; to put aside; to remove; to separate from other things.
• (v.t.) To cause to retire or withdraw into obscurity; to seclude; to withdraw; -- often used reflexively.
• (v.i.) To withdraw; to retire.
• (n.) Same as Sequestrum.

noun

• The trait of lacking restraint or control; reckless freedom from inhibition or worry.
  • usage: "she danced with abandon"
  • synonyms: wantonness, unconstraint
• A feeling of extreme emotional intensity.
  • usage: "the wildness of his anger"
  • synonyms: wildness

verb

• Forsake, leave behind.
  • usage: "We abandoned the old car in the empty parking lot"
• Give up with the intent of never claiming again.
  • usage: "Abandon your life to God"; "She gave up her children to her ex-husband when she moved to Tahiti"; "We gave the drowning victim up for dead"
  • synonyms: give up
• Leave behind empty; move out of.
  • usage: "You must vacate your office by tonight"
  • synonyms: vacate, empty
• Stop maintaining or insisting on; of ideas or claims.
  • usage: "He abandoned the thought of asking for her hand in marriage"; "Both sides have to give up some claims in these negotiations"
  • synonyms: give up
• Leave someone who needs or counts on you; leave in the lurch.
  • usage: "The mother deserted her children"
  • synonyms: forsake, desolate, desert

• (v.t.) To cast or drive out; to banish; to expel; to reject.
• (v.t.) To give up absolutely; to forsake entirely; to renounce utterly; to relinquish all connection with or concern on; to desert, as a person to whom one owes allegiance or fidelity; to quit; to surrender.
• (v.t.) Reflexively: To give (one's self) up without attempt at self-control; to yield (one's self) unrestrainedly; -- often in a bad sense.
• (v.t.) To relinquish all claim to; -- used when an insured person gives up to underwriters all claim to the property covered by a policy, which may remain after loss or damage by a peril insured against.
• (v.) Abandonment; relinquishment.
• (n.) A complete giving up to natural impulses; freedom from artificial constraint; careless freedom or ease.

Abandon refers to the decision not to exercise an option or, sometimes, a clause. It may also refer to the intentional or unintentional lack of use, maintenance or affirmation process about assets. These assets may include securities, bank accounts, refunds, trademarks and so on. In such cases the property can go to a jurisdiction such as a state or federal government.