From Longman Dictionary of Contemporary Englishsequestratese‧ques‧trate /sɪˈkwestreɪt, ˈsiːkwə-/ (also sequester /sɪˈkwestə $ -ər/) verb [transitive] British English formal BFLto take property away from the person it belongs to because they have not paid their debtsGrammar Sequestrate is usually passive. —sequestration /ˌsiːkwəˈstreɪʃən/ noun [countable, uncountable]→ See Verb tableFrom Longman Business Dictionarysequestratese‧ques‧trate /sɪˈkwestreɪt, ˈsiːkwə-/ (also sequester /sɪˈkwestə-ər/) verb [transitive]LAW to officially take property, goods etc away from someone because they have not paid their debts or have broken some other lawThe shares were sequestered by the court at the request of the chairman.They obtained a private injunction to sequester $796.2 million of company assets. —sequestration noun [countable, uncountable]the sequestration of trade union funds→ See Verb tableOrigin sequestrate (1400-1500) Late Latin sequestrare; → SEQUESTER