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n. Law
The right of the state to acquire property by escheat.
American Heritage® Dictionary of the English Language, Fifth Edition. Copyright © 2016 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.
References in periodicals archive ?
Other proposals call for expansion of the bottle bill to include water, sport drinks and tea so the state could benefit from escheatage - the amount of unclaimed deposits that would revert to the state.
These checks are an accrued liability for a municipality until paid to the rightful vendor or until applicable law allows the jurisdiction to claim the funds through escheatage.