Escheat Period

Escheat Period

The period of elapsed time required by applicable state law for property to be presumed abandoned.

Escheat Period

The amount of time required by law for an unoccupied property to be considered abandoned. In the United States, the escheat period varies state by state. See also: Lost, Mislaid, or Abandoned Property, Escheat.
References in periodicals archive ?
State laws generally view the escheat period as stemming from the date that the customer initially purchased the card.