escheat

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es·cheat

 (ĭs-chēt′)
n.
1. Reversion of land held under feudal tenure to the manor in the absence of legal heirs or claimants.
2. Law
a. Reversion of property to the state in the absence of legal heirs or claimants.
b. Property that has reverted to the state when no legal heirs or claimants exist.
intr. & tr.v. es·cheat·ed, es·cheat·ing, es·cheats Law
To revert or cause to revert by escheat.

[Middle English eschete, from Old French (from escheoir, to fall out) and from Anglo-Latin escheta, both from Vulgar Latin *excadēre, to fall out : Latin ex-, ex- + Latin cadere, to fall; see kad- in Indo-European roots.]

es·cheat′a·ble adj.

escheat

(ɪsˈtʃiːt) law
n
1. (Law) (in England before 1926) the reversion of property to the Crown in the absence of legal heirs
2. (Law) (in feudal times) the reversion of property to the feudal lord in the absence of legal heirs or upon outlawry of the tenant
3. (Law) the property so reverting
vb
(Law) to take (land) by escheat or (of land) to revert by escheat
[C14: from Old French eschete, from escheoir to fall to the lot of, from Late Latin excadere (unattested), from Latin cadere to fall]
esˈcheatable adj
esˈcheatage n

es•cheat

(ɛsˈtʃit)
Law. n.
1. the reverting of property to the state or, as in England, to the crown when there are no legal heirs.
2. the right to take property subject to escheat.
v.i.
3. (of property) to revert by escheat.
v.t.
4. to take or confiscate by escheat.
[1250–1300; Middle English eschete < Old French eschete, escheoite, feminine past participle of escheoir < Vulgar Latin *excadēre to fall to a person's share = Latin ex- ex-1 + cadere to fall (Vulgar Latin *cadēre)]
es•cheat′a•ble, adj.
es•cheat′or, n.

Escheat

 of lawyers—Lipton, 1970.

escheat


Past participle: escheated
Gerund: escheating

Imperative
escheat
escheat
Present
I escheat
you escheat
he/she/it escheats
we escheat
you escheat
they escheat
Preterite
I escheated
you escheated
he/she/it escheated
we escheated
you escheated
they escheated
Present Continuous
I am escheating
you are escheating
he/she/it is escheating
we are escheating
you are escheating
they are escheating
Present Perfect
I have escheated
you have escheated
he/she/it has escheated
we have escheated
you have escheated
they have escheated
Past Continuous
I was escheating
you were escheating
he/she/it was escheating
we were escheating
you were escheating
they were escheating
Past Perfect
I had escheated
you had escheated
he/she/it had escheated
we had escheated
you had escheated
they had escheated
Future
I will escheat
you will escheat
he/she/it will escheat
we will escheat
you will escheat
they will escheat
Future Perfect
I will have escheated
you will have escheated
he/she/it will have escheated
we will have escheated
you will have escheated
they will have escheated
Future Continuous
I will be escheating
you will be escheating
he/she/it will be escheating
we will be escheating
you will be escheating
they will be escheating
Present Perfect Continuous
I have been escheating
you have been escheating
he/she/it has been escheating
we have been escheating
you have been escheating
they have been escheating
Future Perfect Continuous
I will have been escheating
you will have been escheating
he/she/it will have been escheating
we will have been escheating
you will have been escheating
they will have been escheating
Past Perfect Continuous
I had been escheating
you had been escheating
he/she/it had been escheating
we had been escheating
you had been escheating
they had been escheating
Conditional
I would escheat
you would escheat
he/she/it would escheat
we would escheat
you would escheat
they would escheat
Past Conditional
I would have escheated
you would have escheated
he/she/it would have escheated
we would have escheated
you would have escheated
they would have escheated
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.escheat - a reversion to the state (as the ultimate owner of property) in the absence of legal heirs
law, jurisprudence - the collection of rules imposed by authority; "civilization presupposes respect for the law"; "the great problem for jurisprudence to allow freedom while enforcing order"
reversion - (law) an interest in an estate that reverts to the grantor (or his heirs) at the end of some period (e.g., the death of the grantee)
2.escheat - the property that reverts to the state
transferred possession, transferred property - a possession whose ownership changes or lapses
Translations
References in classic literature ?
The attention of the company was then directed, by a natural transition, to the little girl who had had the audacity to burn her hair off, and who, after receiving sundry small slaps and pushes from the more energetic of the ladies, was mercifully sent home: the ninepence, with which she was to have been rewarded, being escheated to the Kenwigs family.
There will be a permanent retention of records of escheated accounts for purposes of tracing of deposits,' it added.
Moneygram spokeswoman Michelle Buckalew said in a statement, "This is a dispute among states over which state has the priority to property escheated to the State of Delaware in good faith by MoneyGram.
The act affects all insurance contracts issued by plaintiffs in force at any time after January 1, 1992, regardless of whether an insurance contract has been terminated, surrendered, expired, lapsed, already paid, or already escheated to the state," the lawsuit said.
In calendar year 2015, the University had 699 returned payroll ACH items, 715 returned AP ACH items, reissued 169 lost payroll checks, and reissued 865 escheated items.
Keane provides corporations, mutual funds, banks, brokerages, insurance companies and transfer agents with a suite of outsourced services, including locating account owners or beneficiaries, risk mitigation, customer communication programs, recovery of escheated assets, consulting, reporting and other unclaimed property compliance-related services.
O'Brien says: "In the USA, when an account is dormant for three years, that money is escheated to the state, and our business there is to work with companies to stop this happening.
9) The benefits of a state's use of unclaimed property are compounded by the fact that underlying owners, to whom the property rightfully belongs, rarely claim escheated property from the state.
Part III considers and partially dismisses another potential justification--that holders, as debtors and not actual owners, do not have the recognized property interest in escheated funds necessary even to raise a due process claim.
Unclaimed property laws stipulate that the funds are supposed to be put into an account that is eventually escheated (turned over) to the state of John's last-known address as unclaimed property.
And what duties do states have to find beneficiaries once the proceeds are escheated to them by the insurers?