Financial Control
/ˌfaɪˈnænʃəl kənˈtroʊl/
Definitions
- (n.) The legal authority or power to manage, direct, or oversee financial affairs, accounts, or resources within an organization or entity.
The board granted financial control to the new CFO to manage company expenditures.
Forms
- financial control
Related terms
See also
Commentary
Financial control generally implies a legally recognized power to regulate or supervise financial operations, often formalized in contracts or corporate bylaws; clarity in defining scope and limits is crucial in drafting.
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.