what escheats and forfeitures
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property or money for which no owner can be found and for that reason becomes the property of the state: Abandoned financial property, known as escheat, is one of the state's largest revenue sources.
Explanation:
Forfeiture is the loss of any property without compensation as a result of defaulting on contractual obligations, or as a penalty for illegal conduct. ... When mandated by law, as a punishment for illegal activity or prohibited activities, forfeiture proceedings may be either criminal or civil.
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