Commingling
/kəˈmɪŋɡlɪŋ/
Definitions
- (n.) The improper or unauthorized mixing of funds or property belonging to different parties, often leading to difficulty in distinguishing ownership.
The trustee was accused of commingling client funds with personal accounts, violating fiduciary duties.
Forms
- commingling
Related terms
See also
Commentary
Commingling is frequently a concern in fiduciary contexts, where strict separation of assets must be maintained to avoid legal liability.
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.