Nationalisation
/ˌnæʃnələlaɪˈzeɪʃən/
Definitions
- (n.) The legal process by which a government takes control of private assets or industries, converting them into public ownership.
The nationalisation of the railways aimed to ensure public control over essential transportation.
- (n.) An act of statute or decree effectuating the transfer of property rights from private to state authority.
The nationalisation decree was challenged for lack of proper compensation.
Related terms
See also
Commentary
Use 'nationalisation' primarily to denote state acquisition of private property or enterprise, typically by statute; distinguish clearly from compensatory terms like 'expropriation.'
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.