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reprivatization
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Definitions of reprivatization in various dictionaries:
REPRIVATIZATION - Reprivatization refers to the process of restoring to its former owners properties seized by a government, or to the process of compensating previous...
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Reprivatization refers to the process of restoring to its former owners properties seized by a government, or to the process of compensating previously uncompensated former owners. This is often a component of larger privatization schemes. The term is most often used in the connection with privatization in former Soviet Bloc countries or in reference to settlements concerning the property of murdered or displaced European Jews. * The difference between reprivatization and privatization is that only state (nationwide) property can become the subject of the transaction, but not municipal property. The economic content of these concepts also has differences: the privatized property is obtained due to the costs of the state, but the reprivatized property previously belonged to individuals who received income from its exploitation, they also created it. * Reprivatization is often sought by members of the old nobility or their descendants who desire the return of the traditional family home for |