Expropriation is the confiscation Confiscation, from the Latin confiscatio 'joining to the fiscus, i.e. transfer to the treasury' is a legal seizure without compensation by a government or other public authority. The word is also used, popularly, of spoliation under legal forms, or of any seizure of property without adequate compensation of private property Private property is the tangible and intangible things owned by individuals or firms over which their owners have exclusive and absolute legal rights, and can only be transferred with the owner's consent. Private property can take the form of real estate, homes, factories, automobiles, capital, patents and copyrights. It is distinguished from with the express purpose of establishing social equality Social equality is a social state of affairs in which all people within a specific society or isolated group have the same status in a certain respect. At the very least, social equality includes equal rights under the law, such as security, voting rights, freedom of speech and assembly, and the extent of property rights. However, it also includes.
Unlike eminent domain Eminent domain , compulsory purchase (United Kingdom, New Zealand, Ireland), resumption/compulsory acquisition (Australia) or expropriation (South Africa and Canada's common law systems) is the inherent power of the state to seize a citizen's private property, expropriate property, or seize a citizen's rights in property with due monetary, expropriation takes place beyond the common law Common law is law developed by judges through decisions of courts and similar tribunals , rather than through legislative statutes or executive branch action. A "common law system" is a legal system that gives great precedential weight to common law, on the principle that it is unfair to treat similar facts differently on different legal systems and refers to socially-motivated confiscations of any property rather than to taking away the real estate Real estate is a legal term that encompasses land along with improvements to the land, such as buildings,fences, wells and other site improvements that are fixed in location -- immovable. Real estate law is the body of regulations and legal codes which pertain to such matters under a particular jurisdiction and include things such as commercial. The term appears as "expropriation of expropriators (ruling classes The term ruling class refers to the social class of a given society that decides upon and sets that society's political policy - assuming there is one such particular class in the given society. There may not be)" in marxist theory Contemporarily, Karl Marx’s innovative analytical methods — materialist dialectics, the labour theory of value, et cetera — are applied in archaeology, anthropology, media studies, political science, theater, history, sociological theory, cultural studies, education, economics, literary criticism, aesthetics, critical psychology, and, or as slogan "Loot the looters!", very popular during Russian October Revolution The October Revolution , also known as the Soviet Revolution or Bolshevik Revolution, was a political revolution and a part of the Russian Revolution. It began with an armed insurrection in Petrograd traditionally dated to 25 October 1917 Julian calendar (7 November 1917 Gregorian calendar). It was the second phase of the Russian Revolution of 1917 [1]
The term often refers to nationalization Nationalization, also spelled nationalisation, is the act of taking an industry or assets into the public ownership of a national government or state. Nationalization usually refers to private assets, but may also mean assets owned by lower levels of government, such as municipalities, being state operated or owned by the state. The opposite of campaigns by communist states A communist state is a sovereign state with a form of government characterized by single-party rule[citation needed] of a communist party and a professed allegiance to a communist ideology as the guiding principle of the state, such as dekulakization and collectivization in the USSR [2]. It may also refer to robberies Robbery is the crime of seizing property through violence or intimidation. At common law, robbery is defined as taking the property of another, with the intent to permanently deprive the person of that property, by means of force or fear. Precise definitions of the offence may vary between jurisdictions. Robbery differs from simple theft by by revolutionaries A revolutionary is a person who either actively participates in, or advocates revolution. Also, when used as an adjective, the term revolutionary refers to something that has a major, sudden impact on society or on some aspect of human endeavour. The term—both as a noun and adjective—is usually applied to the field of politics, and is to fund their political activities, such as robberies by Joseph Stalin Joseph Stalin was the General Secretary of the Communist Party of the Soviet Union's Central Committee from 1922 until his death in 1953. In the years following Lenin's death in 1924, he rose to become the leader of the Soviet Union and Kamo in Russian Empire The Russian Empire was a state that existed from 1721 until the Russian Revolution of 1917. It was the successor to the Tsardom of Russia, and the predecessor of the Soviet Union. It was the second largest contiguous empire the world has ever seen, surpassed only by the Mongol Empire, and the third largest empire the world has ever seen, surpassed [3].
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Reuters
The proposal would grant bank rescue fund SoFFin the right to reduce shareholder rights and aims to render the need for expropriation unnecessary, the source added. (Reporting by Gernot Heller, writing by Paul Carrel)
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