Financial Management
/ˈfaɪnænʃəl ˈmænɪdʒmənt/
Definitions
- (n.) The strategic planning, organizing, directing, and controlling of financial activities within an organization or legal entity to meet legal and fiduciary obligations.
Effective financial management ensures compliance with statutory reporting requirements.
- (n.) The administration of funds and assets in legal contexts such as trusts, estates, or corporate governance to protect beneficiaries' interests.
The trustee's financial management duties include prudent investment of trust assets.
Forms
- financial management
Related terms
See also
Commentary
In legal drafting, clarify the scope of financial management to distinguish routine business finance from fiduciary responsibilities imposed by law.
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.