Home > Personal > Personal Lending > Mortgage > Mortgage Resources > Glossary > Abandonment Abandonment November 9, 2021 The voluntary surrender of property, owned or leased, without naming a successor as owner or tenant.You Might Also Like: Family MattersPreparing Financially for a Baby Everyday MoneyBudget Friendly Ideas for Thanksgiving Everyday MoneySenior Discounts and Savings Everyday MoneyStarting an Emergency Savings Account Living QuartersQuestions to Ask Your Home Inspector