expropriation

Cultural  

1. The taking over of private property by a government, often without fair compensation but usually with a legal assertion that the government has a right to do so.

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Example Sentences

The expropriations, along with the firings, consolidated state control of the oil sector and, experts say, drained the country of expertise and investment, inflicting lasting damage.

From Los Angeles Times

The oil industry has expressed interest in the petroleum-rich country, while cautioning that the timeframe for investment depended on having clear rules after expropriations by earlier governments.

From Barron's

“The greatest risks to look out for the equities from here is cost inflation, capital misallocation, or expropriation.”

From The Wall Street Journal

Chevron, which maintained operations in Venezuela after the expropriations, has seen its stock go up about 4% this week.

From MarketWatch

Venezuela’s oil industry has been crumbling for years, and U.S. oil companies have been hit in the past by that country’s expropriations of assets.

From MarketWatch

Related Words

• appropriation
• confiscation