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.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

expropriation

The seizure of private property for public use by condemnation.

The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.