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escheat |
Also found in: Dictionary/thesaurus, Legal, Financial, Wikipedia, Hutchinson | 0.02 sec. |
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escheat Law 1. (in England before 1926) the reversion of property to the Crown in the absence of legal heirs 2. (in feudal times) the reversion of property to the feudal lord in the absence of legal heirs or upon outlawry of the tenant 3. the property so reverting How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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While due process prevents more than one jurisdiction from escheating a given property item (Western Union Tel. The expiration of the relevant civil statute of limitations, however, typically does not prevent unclaimed property from escheating to the state. They include increasing the taxes on cigarette and other tobacco products as well as alcohol beverages and escheating unclaimed bottle deposits, among other measures. |
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