Business, Legal & Accounting Glossary
v. to take one’s goods or property without legal right, although there may appear to be some lawful basis. In the case of a government seizing property, it may include taking without the just compensation as guaranteed by the US Constitution. There are some acts of legal confiscation, such as taking an automobile used in illegal drug traffic.
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This glossary post was last updated: 27th April, 2020 | 1 Views.