escheatage in a sentence
n.
📚 Grade Level: Grade 9, Grade 10, Grade 11, Grade 12
Definition
Escheatage is the legal process by which unclaimed assets or property revert to the state after a designated period of inactivity or abandonment.
Crossword clues for escheatage
Crossword clue ideas and answer hints for the word "escheatage".
- Legal return of unclaimed property to the state.
- Process for abandoned assets to revert to government.
- State claim on property after inactivity period.
- Unclaimed assets transferred to government ownership.
- Lawful reversion of inactive property to authorities.
Escheatage sentence examples
- The concept of escheatage is often overlooked in discussions about property law.
- In cases of escheatage, unclaimed assets revert to the state after a specified period.
- The local government held a public meeting to discuss recent escheatage cases affecting local residents.
- Understanding escheatage can help individuals avoid losing their inheritance to the state.
- Many people are unaware that their forgotten bank accounts could be subject to escheatage.