If a government or other authority expropriates someone's property, they take it away from them for public use. The Bolsheviks expropriated the property of the landowners. + expropriation expropriations ex·pro·pria·tion the expropriation of property Ownership is not clear because of expropriations in the Nazi era
taken out of the possession of another and transferred to your own use often without permission; "the expropriated land was developed into a public playground
When the State acquires private property in the public interest against payment of compensation The main aspect taken into account is the market value of the land Ownership passes to the State on the date of expropriation
The government's act of taking title to property owned by a private party without that party's consent under the authority of a law or statute, while paying compensation to the former owner
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
Seizure by a government of foreign-owned assets Such seizure is not contrary to international law if it is followed by prompt, adequate, and effective compensation If not, it is called confiscation
This is where the local authority needs a portion or the entire property for its use The bank would require a letter from the customer and the local authority, and an assessment has to be done on the remaining security
1 The taking of private property for public purpose upon the payment of just compensation, which is recognized as an inherent power of the state over its citizens BACK TO TOP
Official government seizure of private property, recognized by international law as the right of any sovereign state provided expropriated owners are given prompt compensation and fair market value in convertible currencies