| 1. | to take possession of, esp. for public use by the right of eminent domain, thus divesting the title of the private owner: The government expropriated the land for a recreation area. |
| 2. | to dispossess (a person) of ownership: The revolutionary government expropriated the landowners from their estates. |
| 3. | to take (something) from another's possession for one's own use: He expropriated my ideas for his own article. |
The taking over of private property by a government, often without fair compensation but usually with a legal assertion that the government has a right to do so.
Expropriation
The act of removing property from an owner.
Investopedia Commentary
Typically, expropriation refers to the action of a government taking away a private business from its owners. This mainly occurs in countries where property laws are not concrete and well defined. Expropriation also occurs when there are legal implications.
See also: Disinvestment, Privatization