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What does escheatable mean?

Looking for the meaning or definition of the word escheatable? Here's what it means.

Adjective
  1. Liable to escheat.
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Examples
If the potential owner agrees that no liability is owed and confirms this in writing, the property is not escheatable.
A privately held company called Verus Financial, for example, is working with more than 30 state agencies to audit life insurers for escheatable funds.

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