Question : _____________ is the income of the government, which arises out of the property left by the people without a legal heir.
Option 1: Escheat
Option 2: Moot
Option 3: Felony
Option 4: Lien
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Correct Answer: Escheat
Solution : The correct answer is Escheat .
The term "escheat," which describes the government's claim over a deceased person's property in the absence of a will or legal heir, refers to non-tax revenue. This is one way the government makes money. When assets remain unclaimed for an extended period, escheat rights may also be awarded. These circumstances are also known as unclaimed property or bona vacantia.
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