commingling of funds
- A term often applied to the act of an agent, broker, attorney at law, or trustee in mingling the funds of his client, customer, or cestui with his own funds; the act of a fiduciary in mingling funds of different trusts. 54 Am J1st Trusts § 320; the act of a trustee in combining a trust fund with other funds in making an investment. 54 Am J1st Trusts § 396; the act of a guardian in mingling the funds of the ward with his own funds. 25 Am J1st G & W § 94.
Ballentine's law dictionary. Anderson, W.S.. 1998.
Look at other dictionaries:
commingling of funds — n. A fiduciary’s mingling of a client’s or beneficiary’s money with his or her own. The Essential Law Dictionary. Sphinx Publishing, An imprint of Sourcebooks, Inc. Amy Hackney Blackwell. 2008. commingling of funds … Law dictionary
commingling of funds — Act of fiduciary in mingling funds of his beneficiary, client, employer, or ward with his own funds. Such act is generally considered to be a breach of his fiduciary relationship. May be applied to lawyer who mixes client s funds with his own and … Black's law dictionary
commingling — The act of mixing the funds belonging to one party with those of another party. Usually, spouses or business partners may commingle assets without a problem. However, in community property states, a spouse may run the risk of turning separate… … Law dictionary
Commingling — Professional responsibility D … Wikipedia
commingling — In the context of securities, this involves mixing customer owned securities with brokerage firm owned securities. This process is referred to as rehypothecation, which is the use of customers collateral to secure their loans. This is legal with… … Financial and business terms
Commingling (Commingled) — 1. In securities, it is the mixing of customer owned securities with brokerage owned securities. 2. In trust banking, it is the pooling of individual customer accounts into a fund, a share of which is owned by each contributing customer. This is… … Investment dictionary
pooling — Commingling the funds of several trusts for investment in one or more securities. 54 Am J1st Trust § 396. Forming a pool. Texas Farm Bureau Cotton Asso. v Stovall, 113 Tex 273, 253 SW 1101. <b></b>See pool … Ballentine's law dictionary
commingle — com·min·gle /kə miŋ gəl, kä / vb gled, gl·ing vt: to combine (funds or properties) into a common fund or stock vi: to become commingled Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 … Law dictionary
fund — 1 n 1: a sum of money or other resources whose principal or interest is set aside for a specific objective cli·ent security fund: a fund established by each state to compensate clients for losses suffered due to their attorneys misappropriation… … Law dictionary
Martin A. Armstrong — Martin Armstrong (born November 1, 1949 in New Jersey) is the son of a lawyer and Lt. Col under General Patton in World War II. His full biography is on line. In short, Martin was encouraged by his father to get involved in computers during… … Wikipedia