preemption

preemption definition - business

preemption

  1. The priority of federal law over state law when the two conflict.
  2. The right of government to seize something. For example, police can confiscate a vehicle used to transport illegal drugs.

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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