Definition of Sequestration:
The action of taking legal possession of assets until a debt has been paid or other claims have been met.
Sequestration wasn't invoked in 2017 or through mid-2018. The threat of sequestration was included in the Budget Control Act of 2011, with mandatory budget cuts scheduled to go into effect on Jan. 2, 2013. The budget cuts were deferred until March 1, 2013 as part of the American Taxpayer Relief Act (ATRA), signed into law on Jan. 2, 2013, by President Obama. .
A procedure of fiscal policy adopted by Congress as a part of the Fiscal Cliff that deals with the federal budget deficit. It forces automatic cutbacks in spending on government programs such as defense and education, then uses that money to reduce the deficit. In 2013, sequestration will automatically cut about $55 billion in defense spending and about $55 billion in non-defense spending and over the following 10 years, will cut a total of about $1.2 trillion.
The word first appeared in the Gramm-Rudman-Hollings Deficit Reduction Act of 1985, which enacted similar spending cuts if the deficit grew past a set level.
Sequestration is a term adopted by Congress to describe a fiscal policy process that automatically reduces the federal budget across most departments and agencies. Sequestration, or "the sequester," is a procedure by which across-the-board spending cuts go into effect if Congress fails to agree on a deficit-reducing budget before a specified date. .
The action of sequestering a substance.
Synonyms of Sequestration
Separation, Setting apart, Keeping apart, Sorting out
How to use Sequestration in a sentence?
- Carbon sequestration.
- If such court injunctions are ignored, sequestration of trade union assets will follow.
Meaning of Sequestration & Sequestration Definition