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Expropriation |
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Expropriation The act of removing property from an owner. Notes: Typically, expropriation refers to the action of a government taking away a private business from its owners. This mainly occurs in countries where property laws are not concrete and well defined. Expropriation also occurs when there are legal implications. See also: Disinvestment, Privatization Expropriation The taking over of a company or project by the state, implying compensation will be paid. Nationalization. Expropriation The official seizure by a government of private property. Any government has the right to seize such property, according to international law, if prompt and adequate compensation is given. |
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