Taking

{
  "id": "MLC-T-LAW-004825",
  "term": "Taking",
  "field": "Law",
  "definitions": [
    "The act of seizing or acquiring property, especially by a governmental entity for public use. This action requires the payment of just compensation to the property owner under constitutional provisions. A taking can be physical, involving direct occupation, or regulatory, where government action diminishes the property's value or use without direct seizure.",
    "Government actions that appropriate private property for public use, requiring just compensation to the owner under the Fifth Amendment of the U.S. Constitution. These can be direct physical appropriations or regulatory actions that severely diminish the economic value or use of property. The concept distinguishes between legitimate government regulation and actions that constitute a compensable taking."
  ],
  "url": "https://mlchart.com/terminology/law/taking/"
}