What Does Nationalization Mean?

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What does Nationalization mean? Read on to discover the definition & meaning of the term Nationalization - to help you better understand the language used in insurance policies.

Nationalization

Nationalization

Conversion of privately held assets to government ownership and control. Nationalization of a business's overseas property by a foreign government is a loss exposure that can be covered through political risk insurance.

We hope the you have a better understanding of the meaning of Nationalization.

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