Financial Negligence
/ˌfaɪ.næn.ʃəl ˌnɛɡ.lɪ.dʒənts/
Definitions
- (n.) Failure to exercise the standard of care in managing financial affairs, causing harm or loss to another party.
The company's financial negligence led to significant investor losses.
Forms
- financial negligence
Related terms
See also
Commentary
Use precise language to distinguish financial negligence from related concepts like fraud or breach of fiduciary duty, focusing on carelessness rather than intentional wrongdoing.
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.