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Governments mull seizing underwater mortgages
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Eminent Domain - Definition, Examples, Cases, and Processes
The authority of Federal, state, and local governments to take private property for public use, providing just compensation to the owner, is called “eminent domain.” Real estate, or land, is not the only property subject to eminent domain law, but water and air rights as well.
Eminent Domain: Meaning and Types - Investopedia
Eminent domain is the right of governments like the United States to seize private property for public use, following fair compensation. Everything from airspace, land, and contract rights to...
Eminent domain | Definition & Facts | Britannica Money
Updated: Feb. 24, 2024. also called: condemnation or expropriation. eminent domain, power of government to take private property for public use without the owner’s consent. Constitutional provisions in most countries require the payment of compensation to the owner.
Eminent domain Definition & Meaning - Merriam-Webster
The meaning of EMINENT DOMAIN is a right of a government to take private property for public use by virtue of the superior dominion of the sovereign power over all lands within its jurisdiction. How to use eminent domain in a sentence.
eminent domain | Wex | US Law | LII / Legal Information Institute
Overview. Eminent domain refers to the power of the government to take private property and convert it into public use, referred to as a taking. The Fifth Amendment provides that the government may only exercise this power if they provide just compensation to the property owners.
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