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escheat (es-CHEET) noun
1. The reversion of property to the state or crown in case of no legal
verb tr. and intr.
To revert or cause to revert property.
[From Middle English eschete, from Old French eschete, from Vulgar Latin excadere, from Latin ex- + cadere (to fall).]
"New York escheats most dormant assets after five years, which is about
average. Some states, such as Iowa, take most assets after three years;
others, such as Pennsylvania, wait seven."
This week's theme: Red-herring words
Bed is the poor man's opera. -Italian proverb