seizure - definition in the Business English Dictionary - Cambridge Dictionaries Online

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seizure

noun
 
 
/ˈsiːʒər/ LAW
[C or U] the act of taking possession of property or assets because they are illegal, or because the owner owes money: the seizure of sth More severe penalties, including the seizure of assets will be introduced for the non-payment of taxes. In 2005, there were about 70 seizures of goods worth $20.6 million. asset/land/property seizure
[C] property or assets that are taken away because they are illegal, or because the owner owes money: Border seizures were worth $538.8 million in 2010.
(Definition of seizure from the Cambridge Business English Dictionary © Cambridge University Press)
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