Expropriation

[eks,prəʊprɪ'eɪʃən] or [ɛks,proprɪ'eʃən]

(noun.) taking out of an owner's hands (especially taking property by public authority).

Checked by Herman--From WordNet

(n.) The act of expropriating; the surrender of a claim to exclusive property; the act of depriving of ownership or proprietary rights.

Checker: Percy

Edited by Anselm