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escheat - definition and synonyms


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noun [uncountable] legal
  1. From our crowdsourced Open Dictionary
    a ​situation in which ​property or ​money becomes the ​property of the ​state if the ​owner dies without a will and without ​legalheirs

    Whatever ​land is not actuallyowned by the ​publicauthority may be ​transferred to it by escheat.

    Submitted from Switzerland on 17/10/2015
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a description of an economic or political situation based on analysis of information at the present time

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an unregulated form of capitalism that features financial deregulation, privatisation and low tax for high earners

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