Synonyms:
expropriation
Meaning: taking out of an owner's hands (especially taking property by public authority)
Usage examples
Henceforth, the promptness of expropriation will save him from total ruin.
But, it is said, expropriation on the ground of public utility is only an exception which confirms the principle, and bears testimony in favor of the right.
For a long time, a revision of the law concerning mortgages was clamored for; a process was demanded, in behalf of all kinds of credit and in the interest of even the debtors themselves, which would render the expropriation of real estate as prompt, as easy, and as effective as that which follows a commercial protest.
Now, this so-called conversion is an extensive expropriation, and in this case with no indemnity whatever. The public funds are so much real estate, the income from which the proprietor counts upon with perfect safety, and which owes its value to the tacit promise of the government to pay interest upon it at the established rate, until the fund-holder applies for redemption.