Asset Recovery
/ˈæsɛt rɪˈkʌvəri/
Definitions
- (n.) The legal process of identifying, tracing, and retrieving assets obtained through unlawful means for the purpose of returning them to their rightful owner or the state.
The court approved the asset recovery plan to return embezzled funds to the victims.
Forms
- asset recovery
Related terms
See also
Commentary
Asset recovery often requires coordination between domestic and international legal authorities and involves complex tracing of financial transactions.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.