unclaimed property


Intangible or tangible property that has been abandoned or lost by its rightful owner for an extended amount of time. Assets left by a deceased individual and not identified in a will often end up as unclaimed property. Certain laws stipulate how long an individual has to claim the property before it is sold or given to someone else. These laws typically vary depending on the areas were the unclaimed property is held.
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unchecked uncollateralized loan