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eminent domain definition - finance
The right of a government to seize private property for what it deems the public good. The government must fairly compensate the property owner for the property. Eminent domain often is invoked when government officials want to construct roads, although it can be invoked for other uses as well.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

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