Escheat

Bona Vacantia
Bona vacantia refers to goods or property without an apparent owner, typically reverting to the state or Crown under legal doctrines.
Escheat
Escheat is a legal doctrine that transfers the property of a person who dies without a will and has no legal heirs to the state.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.