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Originally Posted by YuriTokoro
Is “asset forfeiture” a technical term?
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To me it isn't, as I have taken Accounting training and could reasonably guess the meaning. Unfortuneately in this case, my arrogance has caused unnecessary confusion. I apologize, Yuri.
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Actually, the government didn’t force it to sell its assets. The government took all its assets. The dictionary says “asset forfeiture” means that. Is this wrong?
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See my above explanation. I didn't look up the term myself, and made what turned out to be an incorrect guess as to its meaning.
Your revision is correct. The governement took the assets instead of forcing the company to sell them.
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I’m feeling like I’m lost in a maze.
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I am truly sorry for all this confusion, Yuri. My arrogance and lack of proper research is to blame.
