Business, Legal & Accounting Glossary

Definition: Escheatment


Quick Summary of Escheatment

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

Examples of 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.

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

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

Cite Term

To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
Modern Language Association (MLA):
Escheatment. Payroll & Accounting Heaven Ltd.
September 30, 2023
Chicago Manual of Style (CMS):
Escheatment. Payroll & Accounting Heaven Ltd. (accessed: September 30, 2023).
American Psychological Association (APA):
Escheatment. Retrieved September 30, 2023
, from website:

Definition Sources

Definitions for Escheatment 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: 30th October, 2021 | 0 Views.