Abandonment /(-ment)/

A·ban·don·ment

Abandonment

n.
  1. The act of abandoning, or the state of being abandoned; total desertion; relinquishment.
    The abandonment of the independence of Europe.
  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. (Mar. Law)
  3. The relinquishment of a right, claim, or privilege, as to mill site, etc. (Com. Law)
  4. Careless freedom or ease; abandon. [R.]