Condemnation

Business, Legal & Accounting Glossary

Definition: Condemnation




What is the dictionary definition of Condemnation?

Dictionary Definition


n. the legal process by which a governmental body exercises its right of “eminent domain” to acquire private property for public uses (highways, schools, redevelopment, etc.). Condemnation includes a resolution of public need, an offer to purchase, and, if a negotiated purchase is not possible, then a condemnation suit. The government may take the property at the time of suit if it deposits money with the court in the amount of the government’s appraisal.


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Condemnation. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. September 26, 2021 https://payrollheaven.com/define/condemnation/.
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Condemnation. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/condemnation/ (accessed: September 26, 2021).
American Psychological Association (APA):
Condemnation. PayrollHeaven.com. Retrieved September 26, 2021, from PayrollHeaven.com website: https://payrollheaven.com/define/condemnation/

Definition Sources


Definitions for Condemnation are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 27th April, 2020 | 0 Views.