Financial Mismanagement
/ˌfaɪˈnænʃəl ˌmɪsˈmænɪdʒmənt/
Definitions
- (n.) Improper, inefficient, or unlawful handling of financial resources, typically within organizations or by fiduciaries.
The court found evidence of financial mismanagement in the nonprofit's accounts, leading to legal penalties.
Forms
- financial mismanagement
Related terms
See also
Commentary
Often appears in litigation involving breaches of fiduciary duty or regulatory investigations; precise documentation is key in proving mismanagement.
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.