escheat
pronunciation
How to pronounce escheat in British English:
UK [ɪs'tʃi:t]
How to pronounce escheat in American English:
US [ɪs'tʃit]
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- Noun:
- a reversion to the state (as the ultimate owner of property) in the absence of legal heirs
- the property that reverts to the state
Word Origin
- escheat (n.)
- the reverting of land to a king or lord in certain cases, early 14c., from Anglo-French eschete (late 13c.), Old French eschete "succession, inheritance," literally "that which falls to one," noun use of fem. past participle of escheoir "happen, befall, occur, take place; fall due; lapse (legally)," from Late Latin *excadere "to fall out," from Latin ex- "out, away" (see ex-) + cadere "to fall" (see case (n.1)). As a verb, from late 14c. Related: Escheated; escheating. Late Latin *excadere represents a restored form of excidere, which yielded excise.
Example
- 1. After which it will be subject to applicable state laws regarding escheat of unclaimed property .