释义 |
compulsory purchase
compulsory purchase n (Law) purchase of a house or other property by a local authority or government department for public use or to make way for development, regardless of whether or not the owner wishes to sell Translationscompulsory purchase
compulsory purchase purchase of a house or other property by a local authority or government department for public use or to make way for development, regardless of whether or not the owner wishes to sell compulsory purchase
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.FinancialSeeEminent DomainThesaurusSeeeminent domain |