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forfeiture
(redirected from Asset forfeiture)

   Also found in: Dictionary/thesaurus, Legal, Financial, Wikipedia 0.02 sec.
forfeiture [′fȯr·fə·chər]
(mining engineering)
Loss of a mining claim by operation of the law, without regard to the intention of the locator, whenever he or she fails to preserve his or her right by complying with the conditions imposed by law.


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Strong asset forfeiture and money laundering laws are central buttons to deprive criminals of their ill-gotten gains, to seize the instrumentalities of their trade and to use the power of asset forfeiture to destroy their illegal enterprises," he said.
9780821378908 Stolen asset recovery; a good practices guide for non-conviction based asset forfeiture.
Asset forfeiture is a civil action: Plaintiffs in effect sue for pieces of property, forcing the owners to explain how they paid for them.
 
 
 
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