From TheBestLinks.com
A taking is an action by a government depriving a person of private property without the payment of just compensation. A government could effect this taking in several ways including:
- physically occupying it and preventing others to enter upon it;
- exercising the power of eminent domain; and
- regulating its use to such a degree that no longer has any economically viable use (a regulatory taking).
In the United States, takings are forbidden by the Fifth Amendment.
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