Asset Seizure
/ˈæsɛt ˈsiːʒər/
Definitions
- (n.) The legal process by which authorities lawfully take possession of property, typically to satisfy a judgment or enforce a law.
The court ordered the asset seizure to recover the unpaid debt.
- (n.) The confiscation of assets by government agencies as part of criminal law enforcement, especially in cases involving forfeiture.
Asset seizure was carried out after the investigation revealed illegal proceeds.
Forms
- asset seizures
Related terms
See also
Commentary
Asset seizure often requires strict compliance with procedural safeguards to protect property rights and avoid unlawful deprivation.
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.