Akademik

expropriation

The taking over of a company or project by the state, implying compensation will be paid. Nationalization. Bloomberg Financial Dictionary

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. Bloomberg Financial Dictionary

* * *

expropriate ex‧pro‧pri‧ate [ɪkˈsprəʊprieɪt ǁ -ˈsproʊ-] verb [transitive]

LAW if a government expropriates someone's property, it legally takes that person's property from them for public use:

• There is a risk that an investment abroad may be expropriated by the overseas government.

• The Court ruled that the president had been correct to expropriate property which belonged to the state.

— expropriation noun [uncountable] :

• the expropriation of black land by white settlers in the 19th century

* * *

expropriate UK US /ɪkˈsprəʊprieɪt/ US /-ˈsproʊ-/ verb [T]

► LAW, GOVERNMENT if a government expropriates property, it takes it for public use, sometimes without payment to the owner: »The new regime wiped out organized crime and vice, expropriated factories and built new ones, setting the city on a new industrial course.
»Political risk is the risk that an investment abroad may be expropriated by the overseas government.
»The road will be built on about 400 acres, of which 56 acres were expropriated from landowners.

► LAW to illegally take property or money that belongs to someone else: »The banker has been in jail since mid-May pending trial on charges of expropriating deposits.

expropriation /ɪkˌsprəʊpriˈeɪʃ^ən/ US /-ˌsproʊ-/ noun [C or U]

► »Farmers have been given the right to sue to protect their land against expropriation.

Financial and business terms. 2012.