abandon assets
[əˈbændən ˈæsets]
verb phrase / noun phrase
abandonar ativos
1. To relinquish ownership or control of property, investments, or resources, either voluntarily or through legal process
The company decided to abandon assets in the unprofitable division.
A empresa decidiu abandonar os ativos da divisão não lucrativa.
2. In legal/bankruptcy context: to leave property or assets unclaimed or unmanaged
After the bankruptcy, creditors had to abandon assets when recovery was deemed impossible.
Após a falência, os credores tiveram que abandonar os ativos quando a recuperação foi considerada impossível.
3. To cease operations or investment in a particular asset or business venture
The mining company chose to abandon assets rather than continue the costly extraction.
A mineradora optou por abandonar os ativos em vez de continuar a extração cara.
This is primarily business and legal terminology used in corporate contexts in both Brazil and the USA. In Brazil, it's commonly used during company restructuring or bankruptcy proceedings. The phrase carries formal connotations and is typically found in financial reports, legal documents, and corporate announcements rather than in casual conversation.
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