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eminent domain Definition

eminent domain

eminent domain Finance Definition
The right of a government to seize private property for what it deems the public good. The government must fairly compensate the property owner for the property. Eminent domain often is invoked when government officials want to construct roads, although it can be invoked for other uses as well.
eminent domain Law Definition

n

The government’s right, upon the payment of fair compensation, to seize privately held land for a public purpose, such as the widening of a highway, or the construction of a public building; the act of exercising such a right.

Browse dictionary entries near eminent domain

  1. ‹ eminent
  2. ‹ eminency
  3. ‹ eminencies
  4. ‹ éminence grise
  5. ‹ eminence
  6. ‹ Emily
  7. ‹ Emilia-Romagna
  8. ‹ Émile
  9. ‹ Emil
  10. ‹ emigration
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