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A.Word.A.Day--escheat![]() escheat (es-CHEET) noun
1. The reversion of property to the state or crown in case of no legal
heirs. 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
X-BonusBed is the poor man's opera. -Italian proverb |
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