| 单词 | escheat |
| 释义 | escheat in British English (ɪsˈtʃiːt) law noun 1. (in England before 1926) the reversion of property to the Crown in the absence of legal heirs 2. (in feudal times) the reversion of property to the feudal lord in the absence of legal heirs or upon outlawry of the tenant 3. the property so reverting verb 4. to take (land) by escheat or (of land) to revert by escheat Derived forms escheatable (esˈcheatable) adjective escheatage (esˈcheatage) noun Word origin C14: from Old French eschete, from escheoir to fall to the lot of, from Late Latin excadere (unattested), from Latin cadere to fallescheat in American English (ɛsˈtʃit) noun Law 1. the reverting of property to the lord of the manor (in feudal law), to the crown (in England), or to the government (in the U.S.) when there are no legal heirs 2. property so reverting verb transitive 3. to cause to escheat; confiscate verb intransitive 4. to revert or go by escheat Derived forms escheatable (esˈcheatable) adjective Word origin ME eschete < OFr, lit., that which falls to one < pp. of escheoir, to fall to one's share < VL *excadere, to fall upon < L ex-, out + cadere, to fall: see case1escheat in Finance (ɪstʃit) noun (Finance: Banking) Escheat is a situation in which the money in a bank account reverts to the government because the account has been inactive for a long time and the account holder cannot be located. If there is no activity in an account for five years or more, the account may besubject to escheat procedures in which the account's assets revert to the state. The assets subject to the laws of escheat include both securities and cash balances in accounts. Escheat is a situation in which the money in a bank account reverts to the government becausethe account has been inactive for a long time and the account holder cannot be located. |
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