escheatment

escheatment

(ɪsˈtʃiːtmənt)
n
(Law) law the process of submitting abandoned or unclaimed funds or property to the state
Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014

escheatment

reversion of ownership of property, especially real property, to the crown in the absence of persons legally qualified to inherit. Also called escheat. — escheatable, adj.
See also: Property and Ownership
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