abandonrett

abandon +‎ rett, first part from French abandon (“surrender, abandonment”), from Old French mettre a bandon (“to deliver, place at someone's disposition”), last part from Frankish *ban, *bann, from Proto-Germanic *bannaną (“to proclaim, command”), from Proto-Indo-European *bʰeh₂- (“to speak”). Last part from Old Norse réttr (“right”), from Proto-Germanic *rehtuz, *rehtaz (“right, straight; morally upright, just”), from Proto-Indo-European *h₃reǵtós (“straightened, right, upright”), from *h₃reǵ- (“to straighten, right oneself; right, just”) + *-tós (“verbal adjective suffix”).

• IPA^(key): /abaŋˈdɔŋrɛt/, /abanˈdɔŋrɛt/

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• Rhymes: -ɛt
• Hyphenation: a‧ban‧don‧rett

abandonrett m (definite singular abandonretten, indefinite plural abandonretter, definite plural abandonrettene)

1. (law) the right to demand the sum insured in exchange for relinquishing (abandoning) the insurance item to the insurer

• abandon (“the right to waive ownership of an insured ship or cargo to the insurer and claim compensation for total loss”)
• abandonere (“to waive property rights or ownership to (someone)”)
• abandonfrist (“deadline for declaration of waiving ownership of an insured ship or cargo to the insurer and claim compensation for total loss”)

• “abandonrett” in Det Norske Akademis ordbok (NAOB).