- seize
- seize seize [siːz] verb [transitive]1. LAW if the police or another official authority seize goods or property, they take them because they are illegal or because the owner has not paid a debt:
• South Korean authorities seized 186,000 fake products in 1999.
• A warrant of execution allows a bailiff to seize sufficient goods to pay your debt and costs.
2. FINANCE LAW if the government or another authority seizes a company, it forces it to stop trading because of debts or illegal activities:• The troubled insurance company was seized by regulators on April 11.
3. if you seize a chance or opportunity, you take advantage of it when it becomes available:• Everyone in the organization shouldseize the initiative and improve their contribution.
• Ohio has converted its technology to seize a share of the fast-growth $200 billion polymers industry.
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seize UK US /siːz/ verb [T]► LAW if the police or government seizes property or assets, they take possession of them because they are illegal, or because the owner owes money: »Customs agents last year seized $14 million in counterfeit electronics goods at the nation's ports.
»seize assets/property
► US LAW, GOVERNMENT if the government or other official authority seizes a company, they stop it from trading because of illegal activity or debts: »The government has threatened to seize any business that does not sell goods at the advertised price.
► to take advantage of something that is available: »seize a challenge/opportunity
»A Malaysian tycoon seized the chance to bid for the company, and won.
»By having a contract already prepared, you may be able to seize the initiative in negotiations.
► to take control of something, especially when others are trying to stop you: seize control/power »Disgruntled shareholders tried to oust the board and seize control of the company.
»In finance, telecoms, media, and technology, there is thought to be a rare opportunity to seize global market share.
Financial and business terms. 2012.