what is escheatment mean
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Definitions &Translations Escheat /ᵻsˈtʃiːt/ is a common law doctrine that transfers the property of a person who died without heirs to the crown or state. It serves to ensure that property is not left in limbo without recognized ownership.
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- Origin and Etymology of escheat Middle English eschete, from Anglo-French, reversion of property, from escheir to fall, devolve, from Vulgar Latin *excadēre, from Latin ex-+ Vulgar Latin *cadēre to fall, from Latin cadere — more at chance
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bereavement Bereavement refers to the period of mourning and grief following the death of a beloved person or animal. The English word bereavement comes from an ancient Germanic root word meaning to rob or to seize by violence..
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Divestment In finance and economics, divestment or divestiture is the reduction of some kind of asset for financial, ethical, or political objectives or sale of an existing business by a firm. A divestment is the opposite of an investment.
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Escheat Law and Legal Definition Escheat Law and Legal Definition. Escheat is the reversion of property to a government entity in the absence of legal claimants or heirs. Escheat is the forfeiture of all property (including bank accounts) to the state treasury if there are no heirs, descendants or named beneficiaries to take the property upon the death of the last known owner.
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disposal 2. placement or arrangement in a particular order. 3. a specific method of tending to matters, as in business. 4. (Commerce) the act or process of transferring something to or providing something for another. 5. the power or opportunity to make use of someone or something (esp in the phrase at one's disposal)
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manifest 1. readily perceived by the eye or the understanding; evident: a manifest error. 2. to make clear or evident to the eye or the understanding: to manifest disapproval. 3. a list of the cargo or passengers carried by a ship, plane, truck, or train.manifestus detected in the act, evident, visible].man′i•fest`a•ble, adj.oun. 1. manifest-a customs document listing the contents put on a ship or plane. legal document, legal instrument, official document, instrument - (law) a document that states some contractual relationship or grants some right.
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- Foreclosure. What does it mean exactly? According to Google dictionary, foreclosure is: The process of taking possession of a mortgaged property as a result of the mortgagor’s failure to keep up mortgage payments. Well stated. Foreclosure is a process, something that happens to a property, not what the property becomes. It really bugs me when […]
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sequestration sequestration. n. 1. the act of sequestering or state of being sequestered. 2. (Law) law the sequestering of property. 3. (Chemistry) chem the effective removal of ions from a solution by coordination with another type of ion or molecule to form complexes that do not have the same chemical behaviour as the original ions.
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WEDDING DRESSES HOW TO SHOP FOR A WEDDING DRESS OR BRIDAL GOWN THE WEDDNG DRESS PURCHASE Once you have found the perfect wedding dress at the perfect price it is time to make the purchase. If you are simply buying a wedding dress off the rack, the purchase is pretty simple - just take the dress to the sales counter, pay for the dress and leave.
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drink 1. ingestion-the process of taking food into the body through the mouth (as by eating). consumption, intake, uptake. eating, feeding-the act of consuming food. deglutition, swallow, drink-the act of swallowing; one swallow of the liquid was enough; he took a drink of his beer and smacked his lips.. ingestion-the process of taking food into the body through the mouth (as by eating). consumption, intake, uptake. eating, feeding-the act of consuming food. deglutition, swallow, drink-the act of swallowing; one swallow of the liquid was enough; he took a drink of his beer and smacked his lips.
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Definitions &Translations Definitions for Sequestrationˌsi kwɛsˈtreɪ ʃən, sɪ kwɛs-. segregation, sequestration(noun) the act of segregating or sequestering. sequestration of the jury. sequestration(noun) the action of forming a chelate or other stable compound with an ion or atom or molecule so that it is no longer available for reactions.
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- Amortization (or amortisation) is the process of decreasing, or accounting for, an amount over a period.
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escheat In addition, forfeiture often is used as a penalty against an individual who has an interest in property, for an illegal act. An escheat takes place due to the lack of any person with a valid interest in the property, and is not usually linked to any illegality or wrongdoing.
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Unclaimed Checks â Do We Have Your Money? As used herein, unclaimed property means checks that are not cashed for a certain number of years. The process of sending the property to the state when these checks are not cashed is called 'escheatment.'.
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Definitions &Translations Escheat(noun) the falling back or reversion of lands, by some casualty or accident, to the lord of the fee, in consequence of the extinction of the blood of the tenant, which may happen by his dying without heirs, and formerly might happen by corruption of blood, that is, by reason of a felony or attainder.
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- Escheat is the reversion of property to a state when that property is lacking claimants. or heirs. In the oil & gas industry, the property is usually an unclaimed oil and gas. royalty or override payment. The property can be unclaimed for several reasons, but. most often it is because the address of the owner is unknown.
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Definitions &Translations Here are all the possible meanings and translations of the word escheat. Princeton's WordNet(0.00 / 0 votes)Rate this definition: escheat(noun) a reversion to the state (as the ultimate owner of property) in the absence of legal heirs. escheat(noun) the property that reverts to the state.
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adulteration ADULTERATION. This term denotes the act of mixing something impure with something pure, as, to mix an inferior liquor with wino; au inferior article with coffee, tea,.and the like.
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- exsanguination(Noun) Bloodletting. exsanguination(Noun) Slaughter of an animal by cutting its throat and allowing it to bleed out, especially for the production of halal and kosher meat. exsanguination(Noun) Excessive loss of blood due to hemorrhage.
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MASSACRE Dictionary entry overview: What does massacre mean? • MASSACRE (noun) The noun MASSACRE has 1 sense: 1. the savage and excessive killing of many people Familiarity information: MASSACRE used as a noun is very rare. • MASSACRE (verb) The verb MASSACRE has 1 sense: 1. kill a large number of people indiscriminately Familiarity information: MASSACRE used as a verb is very rare.
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PRESERVATION 1. the activity of protecting something from loss or danger. 2. the condition of being (well or ill) preserved. 3. a process that saves organic substances from decay. 4. an occurrence of improvement by virtue of preventing loss or injury or other change. Familiarity information: PRESERVATION used as a noun is uncommon.
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divestment Definition of divestment: Refers to the sale of an asset for financial, legal or personal reasons. For corporations, divestment can refer to a company... Definition of divestment: Refers to the sale of an asset for financial, legal or personal reasons.
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What is Escheatment? Definition of Escheatment. The process of turning over unclaimed or abandoned property to a stateauthority. Escheatment laws require mutual funds to turn over uncashed or returned check dollars and/or client account fund shares if the owner cannot be located within a length oftime determined by each state.
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Escheat Process Even after the state escheats the property in question, an heir can step forward at any time to claim it; the escheat process is revocable. If the property is still in standing condition, the state will usually transfer the property title to the heir.
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What is Escheatment? Escheatment. 1  The process of turning over unclaimed or abandoned property to a state authority. Escheatment laws require mutual funds to turn over uncashed or returned check dollars and/or client account fund shares if the owner cannot be located within a length of time determined by each state.