Client Funds
/ˈklaɪənt fʌndz/
Definitions
- (n.) Monies held by a professional, such as a lawyer or agent, on behalf of a client, often in trust or escrow, subject to fiduciary duties.
The attorney deposited the client funds into a separate trust account to avoid commingling.
Forms
- client funds
Related terms
See also
Commentary
Client funds must be carefully segregated and managed to comply with ethical and regulatory obligations, preventing misuse or commingling.
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.