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Expropriation |
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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. Expropriation The act of a government or, rarely, a private organization taking property away from its owner(s). Generally speaking, expropriation implies that the owner will be compensated for the loss — though not always at fair market value. Compensation does not always occur when citizens have little legal protection against government takeovers. 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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