compulsory purchase

compulsory purchase
index expropriation (right of eminent domain)

Burton's Legal Thesaurus. . 2006

compulsory purchase
the process by which land is legally acquired for public use, irrespective of the wishes of the owners. There are two procedures under which this may be achieved: the first involves the service of a notice to treat (compensation is determined on the basis of the market value of the land at the date of the notice) or through a general vesting declaration by the acquiring authority, as a result of which the land vests in the authority from the date of the declaration.

Collins dictionary of law. . 2001.

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  • compulsory purchase — comˌpulsory ˈpurchase also compulsory acquisition noun [uncountable] LAW in Britain, when a government organization has the legal power to make you sell them your land or property and pays you an amount of money as compensation. This usually… …   Financial and business terms

  • compulsory purchase — noun Enforced purchase by a public authority of property needed for public purposes • • • Main Entry: ↑compulsion * * * comˌpulsory ˈpurchase 7 [compulsory purchase] noun uncountable …   Useful english dictionary

  • Compulsory purchase in England and Wales — Compulsory purchase is the power to acquire rights over an estate in land, or to buy that estate outright, regardless of the willingness or otherwise of its current owner, in return for recompense. In England and Wales Parliament has granted… …   Wikipedia

  • compulsory purchase order — ➔ order1 * * * compulsory purchase order UK US noun [C] UK (US eminent domain order) ► LAW, PROPERTY a decision made in a court of law giving a government organization, etc. the right to buy private property if it needs the land to build… …   Financial and business terms

  • Compulsory purchase order — A compulsory purchase order (CPO) is a legal function in the United Kingdom and the Republic of Ireland that allows certain bodies which need to obtain land or property to do so without the consent of the owner. It may be enforced if a proposed… …   Wikipedia

  • compulsory purchase — The compulsory acquisition of land by the state when it is required for some purpose under the Town and Country Planning legislation. Compensation is paid on the basis of market value. Compare requisitioning …   Big dictionary of business and management

  • compulsory purchase — noun Brit. the officially enforced purchase of privately owned land or property for public use …   English new terms dictionary

  • compulsory purchase — /kəmˌpʌlsəri pɜ:tʃɪs/ noun the purchase of an annuity with the fund built up in a personal pension scheme …   Dictionary of banking and finance

  • compulsory purchase annuity — An annuity that must be purchased with the fund built up from certain types of pension arrangements. When retirement age is reached, a person who has been paying premiums into this type of pension fund is obliged to use the fund to purchase an… …   Big dictionary of business and management

  • compulsory purchase — noun eminent domain …   Wiktionary

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