walk-away

Noun

walkaway (plural walkaways)

1. A case of a person walking away (e.g. an inmate from a facility, a cult member from a community); a person who walks away.
   • There had been several walkaways from the juvenile center.
2. (US) An easy victory; a very unequal contest (also used attributively).
   • The upcoming election is unlikely to be a walkaway for the encumbent.

   Synonyms:

   walkover

3. A business termination in which the entrepreneur winds up the business with its obligations met.
4. A property that has been abandoned when the mortgager failed to make their payments, while the mortgagee has abandoned its foreclosure action to avoid the costs associated with ownership.
   • Newer construction usually means more empty houses. Foreclosures and walkaways are a lot higher for them than for the developments that date back to the 1970s.2011, Steve Campbell (as Nova), chapter 12, in Gardener Summer
5. In a negotiation, the terms representing the least a party is willing to accept (also used attributively).
   • walkaway price; walkaway point

   Synonyms:

   bottom line

6. (US) A vehicle lease under which the lessee is not responsible for the value of the vehicle at the end of the lease period.

   Synonyms:

   closed-end lease

See all 14 meanings of walkaway