What is the Definition of Sequestration?

What is the Definition of Sequestration?

se·ques·tra·tion
/ˌsēkwiˈstrāSHən/
Noun

SequestrationThe action of taking legal possession of assets until a debt has been paid or other claims have been met.
The action of taking forcible possession of something; confiscation.

Synonyms
seizure

se·ques·tra·tion  (skw-strshn, skw-)

n.

1. The act of sequestering; segregation.
2. Law

a. Seizure of property.
b. A writ authorizing seizure of property.
3. Chemistry The inhibition or prevention of normal ion behavior by combination with added materials, especially the prevention of metallic ion precipitation from solution by formation of a coordination compound with a phosphate.

via Free Online Dictionary

Sequestration: A Glossary of Political Economy Terms

Originally a legal term referring generally to the act of valuable property being taken into custody by an agent of the court and locked away for safekeeping, usually to prevent the property from being disposed of or abused before a dispute over its ownership can be resolved. But the term has been adapted by Congress in more recent years to describe a new fiscal policy procedure originally provided for in the Gramm-Rudman-Hollings Deficit Reduction Act of 1985 — an effort to reform Congressional voting procedures so as to make the size of the Federal government’s budget deficit a matter of conscious choice rather than simply the arithmetical outcome of a decentralized appropriations process in which no one ever looked at the cumulative results until it was too late to change them. If the dozen or so appropriation bills passed separately by Congress provide for total government spending in excess of the limits Congress earlier laid down for itself in the annual Budget Resolution, and if Congress cannot agree on ways to cut back the total (or does not pass a new, higher Budget Resolution), then an “automatic” form of spending cutback takes place. This automatic spending cut is what is called “sequestration.”

via Sequestration: A Glossary of Political Economy Terms 

Congressional Research Service definition of  Sequestration

In general, sequestration entails the permanent cancellation of budgetary resources by a uniform percentage. Moreover, this uniform percentage reduction is applied to all programs, projects, and activities within a budget account.

 

About Albert N. Milliron 6991 Articles
Albert Milliron is the founder of Politisite. Milliron has been credentialed by most major news networks for Presidential debates and major Political Parties for political event coverage. Albert maintains relationships with the White House and State Department to provide direct reporting from the Administration’s Press team. Albert is the former Public Relations Chairman of the Columbia County Republican Party in Georgia. He is a former Delegate. Milliron is a veteran of the US Army Medical Department and worked for Department of Veterans Affairs, Department of Psychiatry.

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