inverse condemnation

inverse condemnation definition - business

inverse condemnation

Legal action to gain compensation for a reduction in asset value caused by government action or activity. For example, the government's pumping water out of a property results in sinkholes in an adjacent property. The owner of the property with sinkholes files suit against the government, claiming inverse condemnation.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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