Asset Dissipation
/ˈæsɛt dɪsɪˈpeɪʃən/
Definitions
- (n.) The wrongful or unauthorized depletion, transfer, or concealment of a party's assets, often to frustrate creditors or a legal claim.
The court found evidence of asset dissipation when the defendant rapidly sold valuable property shortly before the trial.
Related terms
See also
Commentary
Asset dissipation is commonly addressed in injunctions and equitable remedies to preserve a party's interests before judgment.
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.