escheatment

Definition

The process of turning over unclaimed or abandoned property to a state authority, such as if a person dies without a will.

Use escheatment in a sentence

You should try and figure out how to use any escheatment to your advantage to get profit from it if you can.

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The escheatment process was underway and we gave a lot of stuff to the state because of the recent death of a man.

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The escheatment was necessary so the landlord took the responsibility of contacting the proper authorities to handle the material possessions.

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