escheat

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Escheat

Reversion of monies or securities to the state in which the securityholder was last known to reside, when no claim by the securityholder has been made after a certain period of time fixed by state law. This is known as the holding period or cut-off date.

Escheat

The acquisition of property by a state or government from the estate of a deceased person. An escheat occurs when the deceased person has no will, no relatives, and no survivors to whom the property would otherwise go. Because it is rare for a person to have no relatives at all, escheats are fairly unusual. The concept has its origins in feudalism, when the immediately superior feudal lord would inherit property that would otherwise be left without an owner. Different states have different laws governing escheats.

escheat

The right of the state to claim a deceased person's property when there are no individuals legally qualified to inherit it or to make a claim to it. This occurrence is fairly unusual even when the deceased leaves no will.

escheat

The reversion of property to the state because of the lack of anyone to inherit it.

References in periodicals archive ?
An expanded proportion of women in decision-making positions may both promptly assist in closing the gender wage differential (Lazaroiu, 2015a, b; 2013) and narrowing the wage dissimilarities between male and female subalterns via numerous indirect routes.
Once the database was debugged and individual value dissimilarities calculated for the groups, any Pearson correlations were examined between the second-order motivational types and labor values, in order to check the opposing relationships between poles, as stipulated by Schwartz (1992).
We calculate the coefficients for the three examples consecutively, using tables of dissimilarities which are similar to the ones used in the examples of quantitative variables.
In the first phase, they identified similarities between two sentences, while in the second phase the dissimilarities were classified with respect to their relevance in deciding the presence of paraphrase.
In contrast to dissimilarities in age, gender, tenure and hierarchical position, employees' functional backgrounds may be relatively neutral in regard to status differentiation.
Because the host countries of our sample firms are members of the EU or have close ties with it, firms operating in those countries would be subject to a stronger supra-national EU infrastructure that is likely to reduce the institutional dissimilarities among the countries.
Daniel Felsenfeld has produced a praiseworthy study that explores many of the important parallels and dissimilarities between these two giants.
Additional attention goes to the dissimilarities between the private sector and the more predominant public tertiary education institutions in New Zealand.
Recognizing the dissimilarities between the comparable properties and the subject property discussed by the witness, the court said that the trial judge was within his discretion to base his findings of the fair market value of the subject property on the appraiser's testimony.
Al Qerbi, however, acknowledged that "there are many dissimilarities between Yemen and its Gulf neighbors", but he said discussions over those aspects should be based on "transparency and trust.
E] is appropriate if allelic informative marker data are available and the relationships between OTUs (populations or individuals) are investigated in combination with multivariate methods that require dissimilarities possessing the Euclidean property.
After this initial introduction, Gaines begins the biographies of these two great men, recording their extreme dissimilarities and showing how these would culminate into Fredrick's difficult test, and Bach's equally difficult rejoinder.