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escheat

DEFINITIONS OF: escheat

1

n a reversion to the state (as the ultimate owner of property) in the absence of legal heirs

Type of:
reversion
(law) an interest in an estate that reverts to the grantor (or his heirs) at the end of some period (e.g., the death of the grantee)

n the property that reverts to the state

Type of:
transferred possession, transferred property
a possession whose ownership changes or lapses
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