Meaning Of The Word Escheat
What's the definition of Escheat? Find Escheat meanings, definitions and more at the Real Dictionary online.
Escheat Meaning
| Escheat Definition |
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What's The Definition Of Escheat?
escheat in American English
the reverting of property to the lord of the manor (in feudal law), to the crown (in England), or to the government (in the U.S.) when there are no legal heirs to cause to escheat; confiscate to revert or go by escheat intransitive verb: to revert by escheat, as to the crown or the state noun: the reverting of property to the state or some agency of the state, or, as in England, to the lord of the fee or to the crown, when there is a failure of persons legally qualified to inherit or to claim transitive verb: to make an escheat of; confiscate escheat in British English noun: (in England before 1926) the reversion of property to the Crown in the absence of legal heirs verb: to take (land) by escheat or (of land) to revert by escheat escheat in Finance noun: Escheat is a situation in which the money in a bank account reverts to the government because the account has been inactive for a long time and the account holder cannot be located. |
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