compulsory purchase

compulsory purchase
compulsory purchase comˌpulsory ˈpurchase also compulsory acquisition noun [uncountable]
LAW in Britain, when a government organization has the legal power to make you sell them your land or property and pays you an amount of money as compensation. This usually happens when a new road etc is being built:

• The Local Authority had certain powers of compulsory purchase in relation to land near the motorway.

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compulsory purchase UK US noun [C or U] UK (US eminent domain)
LAW, PROPERTY a situation in which a government has the legal power to buy private property at a fair price when it will be used for something that will be of use to the public, for example a new road: »

The council has already indicated that it is prepared to recommend compulsory purchase of any property necessary for construction of the new stadium.

Financial and business terms. 2012.

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Look at other dictionaries:

  • compulsory purchase — noun Enforced purchase by a public authority of property needed for public purposes • • • Main Entry: ↑compulsion * * * comˌpulsory ˈpurchase 7 [compulsory purchase] noun uncountable …   Useful english dictionary

  • compulsory purchase — index expropriation (right of eminent domain) Burton s Legal Thesaurus. William C. Burton. 2006 compulsory purchase …   Law dictionary

  • Compulsory purchase in England and Wales — Compulsory purchase is the power to acquire rights over an estate in land, or to buy that estate outright, regardless of the willingness or otherwise of its current owner, in return for recompense. In England and Wales Parliament has granted… …   Wikipedia

  • compulsory purchase order — ➔ order1 * * * compulsory purchase order UK US noun [C] UK (US eminent domain order) ► LAW, PROPERTY a decision made in a court of law giving a government organization, etc. the right to buy private property if it needs the land to build… …   Financial and business terms

  • Compulsory purchase order — A compulsory purchase order (CPO) is a legal function in the United Kingdom and the Republic of Ireland that allows certain bodies which need to obtain land or property to do so without the consent of the owner. It may be enforced if a proposed… …   Wikipedia

  • compulsory purchase — The compulsory acquisition of land by the state when it is required for some purpose under the Town and Country Planning legislation. Compensation is paid on the basis of market value. Compare requisitioning …   Big dictionary of business and management

  • compulsory purchase — noun Brit. the officially enforced purchase of privately owned land or property for public use …   English new terms dictionary

  • compulsory purchase — /kəmˌpʌlsəri pɜ:tʃɪs/ noun the purchase of an annuity with the fund built up in a personal pension scheme …   Dictionary of banking and finance

  • compulsory purchase annuity — An annuity that must be purchased with the fund built up from certain types of pension arrangements. When retirement age is reached, a person who has been paying premiums into this type of pension fund is obliged to use the fund to purchase an… …   Big dictionary of business and management

  • compulsory purchase — noun eminent domain …   Wiktionary

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