Final answer:
The legal term for the government's seizure of property for just compensation is eminent domain, which is defined by the Takings Clause of the Fifth Amendment to the U.S. Constitution.
Step-by-step explanation:
The legal term for the government's seizure of property for just compensation is eminent domain. Under the Fifth Amendment to the United States Constitution, eminent domain allows the government to take private property for public use, with the stipulation that just compensation must be provided to the property owner.
This process is often referenced in the context of the Takings Clause of the Fifth Amendment. Cases like Kelo v.
City of New London have led to significant public debate and to legal reforms in many states aimed at restricting the use of eminent domain, particularly when it benefits private economic development over public interest.