Asset Declaration
/ˈæsɛt ˌdɛkləˈreɪʃən/
Definitions
- (n.) A formal statement by an individual or entity disclosing owned assets, often required by law for transparency and anti-corruption purposes.
The politician submitted her asset declaration to comply with ethics laws.
- (n.) The document or report in which the disclosed assets are listed and detailed.
The asset declaration included bank accounts, real estate, and investments.
Forms
- asset declaration
- asset declarations
Related terms
See also
Commentary
Asset declarations are crucial in preventing corruption and ensuring accountability, especially for public officials; clear drafting should specify the timing and scope of disclosures.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.