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Escheatment
EscheatmentThe process of turning over unclaimed or abandoned property to a state authority. RELATED TERMS-------------------------------------- Property A legally owned possession or real estate. SIMILAR TERMS-------------------------------------- Escheat Reversion of monies or securities to the state in which the security holder was last known to reside, when no claim by the security holder has been made after a certain period of time fixed by state law. Escheat Period The period of elapsed time required by applicable state law for property to be presumed abandoned. PREVIOUS AND NEXT TERMS-------------------------------------- Equivalent taxable yield The yield that must be offered on a taxable bond issue to give the same after-tax yield as a tax-exempt issue. Erosion A negative impact on one or more of a firm's existing assets. Escalator clause Provision in a contract allowing cost increases to be passed on. Escheat Reversion of monies or securities to the state in which the security holder was last known to reside, when no claim by the security holder has been made after a certain period of time fixed by state law. Escheat Period The period of elapsed time required by applicable state law for property to be presumed abandoned. Escheatment Escrow Property or money held by a third party until the agreed upon obligations of a contract are met. Escrow receipt A document provided by a bank in options trading to guarantee that the underlying security is on deposit and available for potential delivery. Escrowed to maturity (ETM) Holding of the proceeds from a new bond issue to pay off an existing bond issue at its maturation date. Estate European Economic Community. Estate planning The preparation of a plan to carry out an individual's wishes as to the administration and disposition of his-her property before or after his-her death. We thank you for using the Financial Dictionary to search for Escheatment. If you have a better definition for Escheatment than the one presented here, please let us know by making use of the suggest a term option. This definition of Escheatment may be disputed by other professionals. Our attempt is to provide easy definitions on Escheatment and any other medical topic for the public at large.
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