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Definition of Escheatment
1. Noun. (legal) The process of transferring unclaimed or abandoned property to a state authority, especially when a person dies intestate. ¹
¹ Source: wiktionary.com
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1. Noun. (legal) The process of transferring unclaimed or abandoned property to a state authority, especially when a person dies intestate. ¹
¹ Source: wiktionary.com