What does asset forfeiture mean?
Definitions for asset forfeiture
as·set for·fei·ture
This dictionary definitions page includes all the possible meanings, example usage and translations of the word asset forfeiture.
Wikipedia
Asset forfeiture
Asset forfeiture or asset seizure is a form of confiscation of assets by the authorities. In the United States, it is a type of criminal-justice financial obligation. It typically applies to the alleged proceeds or instruments of crime. This applies, but is not limited, to terrorist activities, drug-related crimes, and other criminal and even civil offenses. Some jurisdictions specifically use the term "confiscation" instead of forfeiture. The alleged purpose of asset forfeiture is to disrupt criminal activity by confiscating assets that potentially could have been beneficial to the individual or organization.
Numerology
Chaldean Numerology
The numerical value of asset forfeiture in Chaldean Numerology is: 1
Pythagorean Numerology
The numerical value of asset forfeiture in Pythagorean Numerology is: 7
Examples of asset forfeiture in a Sentence
We crafted this legislation so it would not interfere with our police agencies’ abilities to get drugs and the tools of the trade off the street; so there are no changes to the seizure laws, we did want to protect to protect Montanans and those traveling through Montana from the abuse of civil asset forfeiture that has plagued other states.
They were seizing for salaries and policing for profit, police departments saw (asset forfeiture) as a new stream of revenue and my predecessors have abdicated their responsibility because the executive branch raised and spent money without legislative oversight.
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"asset forfeiture." Definitions.net. STANDS4 LLC, 2024. Web. 23 Apr. 2024. <https://www.definitions.net/definition/asset+forfeiture>.
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