Financial Oversight
/ˈfaɪnænʃəl ˈoʊvərsaɪt/
Definitions
- (n.) The legal authority or process of monitoring and regulating financial institutions, transactions, or operations to ensure compliance with laws and prevent misconduct.
The government established a new financial oversight committee to prevent fraud in banking.
- (n.) The supervisory role exercised by courts, regulators, or trustees over the financial activities of entities such as corporations or estates.
The court imposed financial oversight on the company's restructuring process.
Related terms
See also
Commentary
Financial oversight frequently involves a combination of legal authority and practical monitoring to enforce accountability in financial practices.
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.