Financial Impact Assessment
/ˌfaɪˈnænʃəl ˈɪmpækt əˈsɛsmənt/
Definitions
- (n.) The systematic evaluation of the anticipated monetary consequences of a legal action, decision, or policy.
The financial impact assessment helped determine the cost implications of the new regulation.
Forms
- financial impact assessment
- financial impact assessments
Related terms
See also
Commentary
Often used in regulatory and compliance contexts to estimate the fiscal effects of legal changes or litigation outcomes.
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.