Escheatage

Translation of "escheatage" into Russian

Noun

escheatage

escheatages pl

эскетаж

The process of escheatage involves transferring unclaimed property to the state.

Процесс эскетажа включает передачу невостребованного имущества государству.

Noun

The reversion of property to the state or a feudal lord in the absence of legal heirs or claimants.

The property was subject to escheatage after the owner passed away without any heirs.

Property or assets that revert to the state through escheat.

Unclaimed bank accounts are treated as escheatage in many jurisdictions.