abandonment
B2CEFR level
30/100Rarity: fairly common
TechnicalRegister
Law noun
The relinquishment of a contract or right, often inferred from a party's conduct.
Prolonged mutual inactivity led the tribunal to find an abandonment of the arbitration agreement.
Business noun
The surrender by the insured of the remains of insured property to the insurer in order to claim for a total loss.
Notice of abandonment was given so the owner could recover as for a constructive total loss of the vessel.
Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.
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