escheat
C2CEFR level
92/100Rarity: very rare
TechnicalRegister
Law noun
The reversion of land to the Crown or a superior lord when the owner dies without heirs or the estate otherwise fails.
On the company's dissolution the freehold passed by escheat to the Crown as ownerless land.
Business noun
The reversion of unclaimed or ownerless property, such as a dormant account, to the state.
After a decade of inactivity, the balance passed to the state by escheat.
Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.
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