Government Seizure

Expropriation
Expropriation refers to the government seizure of foreign-owned assets. Under international law, this action is considered legal if just compensation is provided to the owner.
Tax Deed
A tax deed is an instrument given to a grantee by a government that has claimed the property due to unpaid taxes. It legally transfers ownership of the property from the government to the buyer at a tax sale.

Accounting Terms Lexicon

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