meaning of bona vacantia

bona vacantia meaning in Law Dictionary

Vacant, unclaimed, or stray products. Those things which no body promises a property, and which participate in the top, by virtue of its prerogative. 1 Bl. Comm. 298.

bona vacantia meaning in Business Dictionary

products or residential property without an apparent owner. If not claimed by a finder, the federal government often automatically becomes its owner. Latin for, ownerless products.