Which term refers to the government's right to take private property for public use?

The term that refers to the government's right to take private property for public use is known as eminent domain. This principle allows the government to acquire private land or property when it is deemed necessary for the public good, such as for infrastructure projects like highways, schools, or parks. The process typically involves the government providing just compensation to the property owner to ensure fairness.

This is distinct from condemnation, which is the legal process by which the government effectually exercises its eminent domain powers, specifically determining the necessity and the compensation for the property taken. While foreclosure relates to the seizure of property due to the owner's failure to repay a mortgage, and assumption refers to taking over an existing loan or liability, these terms do not describe the government's right to acquire private property for public use. Understanding the distinction between these terms is crucial in the context of real estate and property rights.