Political risk coverage purchased by businesses that have an ownership interest in property abroad, to cover loss resulting from government nationalization of the property or other action by the go [..]

1540s, from Middle French confiscation, from Latin confiscationem (nominative confiscatio), noun of action from past participle stem of confiscare (see confiscate).

seizure of private property by an authority as forfeit to the public treasury

Confiscation is the taking of private property for public use without compensation. It may occur legally when the government seizes property used in illegal practices, such as a boat used to smuggle i [..]

(n) seizure by the government

Includes forfeiture where applicable, and means the permanent deprivation of funds or other assets by order of a competent authority or a court. Confiscation or forfeiture takes place through a judici [..]

The taking and holding of private property by a government or an agency acting for a government. Compensation may or may not be given to the owner of the property.

The taking and holding of private property by a government or an agency acting for a government. Compensation may or may not be given to the owner of the property.

Money or other property taken from an offender who benefited from criminal activity.

A court order made in criminal proceedings, after conviction or absolute discharge, where money or other property is taken from the offender because he or she benefited by it from criminal conduct.

The term confiscation, which includes forfeiture where applicable, means the permanent deprivation of funds or other assets by order of a competent authority or a court. Confiscation or forfeiture tak [..]

The act or process of confiscating.