Home > Term: asset forfeiture
asset forfeiture
The authorized seizure of money, negotiable instruments, securities, or other things of value. In federal anti-drug laws: the authorization of judicial representatives to seize all moneys, negotiable instruments, securities, or other things of value furnished or intended to be furnished by any person in exchange for a controlled substance, and all proceeds traceable to such an exchange.
- Part of Speech: noun
- Industry/Domain: Sociology
- Category: Criminology
- Company: Pearson Prentice Hall
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Creator
- M.Holmes
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