Misapplication of company assets
Improper use, transfer or handling of company money or property, which may give rise to recovery claims against those responsible.
Related terms
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Misuse of funds
Using money for an unauthorised, improper or prohibited purpose, potentially creating contractual, tax, insolvency or legal consequences.
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Misfeasance
A breach of duty or misuse of company property by a director or other officer that can lead to a court order requiring repayment, restoration or compensation.
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Antecedent transaction
A transaction entered into before insolvency that may later be reviewed, challenged or reversed under insolvency law.
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