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expropriation (n.)

mid-15c., "renunciation of worldly goods," from Medieval Latin expropriationem (nominative expropriatio), noun of action from past-participle stem of Late Latin expropriare "deprive of property," from ex "away from" (see ex-) + propriare "take as one's own," from proprius "one's own" (see proper). Sense of "a taking of someone's property," especially for public use, is from 1848; as Weekley puts it, "Current sense of organized theft appears to have arisen among Ger. socialists."

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Definitions of expropriation from WordNet

expropriation (n.)
taking out of an owner's hands (especially taking property by public authority);
From wordnet.princeton.edu