Small Business Resources, Business Advice and Forms from AllBusiness.com

Business Glossary

Search the Business Glossary:

Business Definition for: abstention

abstention

act or instance of deliberately refraining from an action or practice. Abstaining from voting generally means a recorded vote, neither for nor against. Abstention from voting is appropriate when one has a conflict of interest, as when a director owns stock in a competing business or one considered as a target for acquisition.

Copyright © 2007, 2000, 1997, 1987, by Barron's Educational Series, Inc. Reprinted by arrangement with Publisher.