Expropriation

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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. Sometimes referred to as nationalization.

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.

expropriation

The seizure of private property for public use by condemnation.

References in periodicals archive ?
Shareholders vote AGAINST THE REQUISITIONED RESOLUTIONS.
Canadian 88 will announce a new date for the requisitioned special meeting once the required information is received from Canadian Superior.
Owners of nearly a quarter of RealFund units duly requisitioned a meeting nearly a month ago, and they had a right to expect that meeting would be held in a timely fashion.
The first, requisitioned by Apax and Warburg, Pincus, is for the removal of former chairman Walt Anderson from his position as director of the Company with immediate effect.
After approval, a Purchase Order Wizard combines all of the requisitioned items from a specific vendor into a purchase order in Dynamics or Dynamics C/S+--Great Plains Software's client/server financial management solutions.