Abandonment

 voluntarily giving up all rights title or claims to property that rightfully belongs to the owner and example of abandoned property would be stocks bonds or mutual funds held in a brokerage account for which the firm is unable to locate the listed owner over a specified. Amount Of time usually a few years it ruled to be abandoned The property May revert to the state under the laws of escheat. In addition to financial assets other kinds of property that are subject to abandonment include patents inventions leases trademarks contracts and copyrights.