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Word : Bona Vacantia

May 31, 2011
Meaning: Bona vacantia is derived from a Latin word which basically means "ownerless goods". It is a legal concept associated with property which does not have an owner. Bona Vacantia is partly a common law doctrine and partly found in statute. It governs property of deceased persons with no known heirs, the property of defunct companies and some failed trust property. Example: Notices in many nations are given as “List of Unclaimed Bona Vacantia Estates”. Pronunciation : Bo - boh Na – nah, nuh Va – vah,vuh Can – kahn, kan Ti – tee,thi A – ah, uh
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