What is the process called when private property is taken for public use with compensation?

The correct terminology for the process in which private property is taken for public use with compensation is eminent domain. This legal concept allows the government or an authorized entity to acquire private property for public benefit, such as infrastructure projects or urban development. Eminent domain is a fundamental principle that balances individual property rights with the public's need for land.

Compensation is a key aspect of eminent domain; property owners must be justly compensated for their property, reflecting its fair market value at the time of the taking. This ensures that while the government can utilize private property for the greater good, property owners are not financially disadvantaged as a result of this appropriation.